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Investment for the modernization of the Talara Refinery rose to US$ 5,083 million

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The integral investment of the Project of Modernization of the Talara Refinery was updated and raised to US$ 5,083,900,000 million (without preoperative interest), according to the last agreement of the Petroperú board of directors held yesterday, Thursday, March 24. The previous estimated cost for its execution amounted to US$ 4,999 million 800,000; that is, it increased by more than US$ 84 million.

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According to the important fact communicated to the Securities Market Superintendence (SMV), the state oil company indicated that the new amount includes the impacts of the COVID-19 during 2021, which affected both the construction stage and postponed the start of the Talara Refinery.

“The update of the estimated total investment amount of the Talara Refinery Modernization Project was approved at US$ 5,083,900,000 million (without pre-operational interest), which includes the impacts COVID-19 during the year 2021, which affected both the construction stage and the commissioning stage and which triggered the deferral at the start of the startup until April 2022″, reads the document.

Board Agreement. Source: SMV

Refinery startup

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Officially, Petroperú announced that the startup of the New Talara Refinery will take place next April 12, 2022. This is because the construction process is in its final stretch with progress close to 98%; while the start will be gradual and progressive.

The start-up of the new plant will be safe, gradual and progressive, as the installation, tests, interconnections and systems required for the commissioning of 7,000 pieces of equipment and 35,000 instruments involved in this complex process progress. Therefore, the stabilization of the new refinery will involve a minimum period of six months.

Source: Larepublica

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