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Peru Authorizes Petroperu to Seek $2 Billion State-Guaranteed Loan on May 11

GateNews

2026-05-11 14:31:59

According to an emergency decree issued on May 11, Peru’s government has authorized state-owned oil company Petroperu to seek $2 billion in state-guaranteed loans to ensure business continuity. The decree stipulates that the Energy and Mining Ministry will assume contingent liabilities and related financial costs for the transaction, with expenses covered by the ministry’s budget. The government also authorized the ministry to assume up to $500 million in short-term contingent liabilities for the company.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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