PetroPerú President Says Final Cost Of Talara Refinery Is $5 Billion

(Energy Analytics Institute, Ian Silverman, 10.Apr.2019) — The inal cost of the Talara refinery in Peru is $5 billion, including $695 million in interest related to the project’s financing, announced PetroPerú’s President Esteban Bertarelli Bustamante in a company video.

This compares to an initial cost of around $5.4 billion, when first announced. The current price is within the price range of other refineries similar in size, Bertarelli said.

Work on the refinery commenced in 2014 and has reached the 53% completion mark. It is anticipated that in December 2020 it will under go final testing and be online in the first quarter of 2021, Bertarelli said.

To-date, an estimated 7,000 direct employees and 14,000 indirect have been used during the construction process, PetroPerú said.

© Energy Analytics Institute (EAI)

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