The Peruvian Government and Petroperú will sign today the hydrocarbon exploitation license contract, for up to 2 years, in the Lot-69formerly Lot Z-2B, after successfully receiving and increasing production in lots I and VI, also in Talara. Contrary to the original project, the state oil company will enter Lot-69 without a partner, because The two-year […]
Tag: Talara refinery
Starting tomorrow, Petroperú returns to operating lots I and VI
Finally, President Dina Boluarte put an end to a fierce campaign orchestrated by the private sector that sought to leave Petroperu out of the race, and signed the two supreme decrees that authorize the oil company’s return to large-scale upstream in Talara, with the reversion of lots I and VI. In a joint ceremony with […]
Awarding of lots VI and Z-69 will culminate at the end of 2025
The awarding of lots VI and Z-69 of Talara, in which private or state companies from another country may participate, will conclude towards the last quarter of 2025, according to Perupetro estimates. Meanwhile, Petroperú will temporarily operate the fields and will generate savings of more than US$160 million for the Peruvian State. In a joint […]
Minem approves transfer of authorization for Talara Refinery Thermal Power Plant
The Ministry of Energy and Mines (Minem) approved the transfer of the authorization to develop the electricity generation activity in the Talara Refinery Thermal Power Plantwith an installed power of 102.34 MW, located in the district of Pariñas, province of Talara, department of Piura, and which is carried out by Petróleos del Perú (Petroperú). Through […]
New Talara Refinery will reduce LPG prices
After 100% completion of the gradual boot process, and reach the daily production cap of 5,000 barrels per day of LPG, the New Talara Refinery (NRT) completed its first discharge of this fuel to supply and provide energy security to the northern regions of the country. Petroperú, the company responsible for the refinery complex, reported […]
Talara Refinery will process 95,000 barrels per day in the fourth quarter
Petroperú informed the market of the completion of the start-up maneuvers of the most important units of the New Talara Refinery (NRT) —Fluidized Catalytic Cracking (FCC) and flexicoking (FCK)—and, with it, the commissioning of its processing and auxiliary units, which will allow it to process up to 95,000 barrels of oil per day (bpd). However, […]
Talara: US$6.25 billion oil reserves on the verge of potential reprivatization
There would be oil worth no less than US$6.25 billion in talaradivided into 8 lots that maintain a joint reserve of almost 100 million barrels and that could be re-privatized in the next five years before the expiration of the permits signed three decades ago. During the event ‘Peru: hydrocarbons and the future of oil […]
Petroperú reiterates its interest in participating in the operation of the oil blocks
The full operation of the New Talara Refinery (NRT) will begin in the following weeks, announced the president of the Petroperú board of directors, engineer Pedro Chira. In addition, he stated that the state company continues firm in its vertical integration process, since it seeks to participate in the operation of the oil blocks in […]
Return of Petroperú to Talara more than covers the external debt
A recent investigation by La República revealed that the EBITDA (earnings before interest, taxes, depreciation and amortization) that Petroperú would generate annually with its income, partial or total, to lots I, VI, Z-2B and X of Talara, would exceed US$135 million on deposits that represent a going concern with low risk. In addition to a […]
Petroperú: unions demand that lots of Talara return to the State
He National United Front of Petroperú Unions He urged President Dina Boluarte to recover Petroperú’s participation in the Talara lots, in order to encourage their vertical integration and benefit the general public. Through a letter addressed to Boluarte, they recalled that In 30 years of concession to private companies, the state company had to buy […]