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PERU: PetroPeru Chairman Says Looking to Push Back Debt Deadlines with Govt.

PERU
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  • State-owned oil company, PetroPeru, is reported to be asking the government to convert some of its loans into equity and push back deadlines to avoid running out of cash this year. This is according to Chairman Oliver Stark, who spoke to Bloomberg in an interview.
    • “We have to push back the deadlines of previous debts with the government, that’s what will help us afford operating until the end of the year.” 
    • “I would have problems if I had to make all payments through December 2024.”
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  • State-owned oil company, PetroPeru, is reported to be asking the government to convert some of its loans into equity and push back deadlines to avoid running out of cash this year. This is according to Chairman Oliver Stark, who spoke to Bloomberg in an interview.
    • “We have to push back the deadlines of previous debts with the government, that’s what will help us afford operating until the end of the year.” 
    • “I would have problems if I had to make all payments through December 2024.”