What is the purpose of the $2 billion state-backed loans authorized for Petroperu?

The $2 billion in state-insured loans are intended to ensure the continuity of Petroperu's operations and guarantee the nationwide supply of hydrocarbons, specifically to avoid halting fuel output amid financial difficulties and high oil prices driven by the Iran war; the funds may only be used to guarantee the purchase of crude oil and the supply of fuel.

How does the Peruvian government plan to finance these loans without increasing public debt or using taxpayer money?

The funds will be supplied by international banks and channeled into a trust fund managed by Proinversion, guaranteed by the state; the Energy and Mines Ministry will assume contingent liabilities (up to $2 billion total, including up to $500 million in short-term liabilities) and their financial costs, covered by the ministry's budget — meaning no money from the public treasury or Peruvians' taxes will be used, and the measure will not affect Peru's public debt.

Petroperu to seek $2 billion in state-backed loans to sustain operations

May 11, 2026

Peru's oil firm Petroperu secured authorization for $2 billion in state-backed loans to maintain fuel operations amidst high debt and geopolitical pressures. The government will cover contingent liabilities to guarantee crude purchases and nationwide hydrocarbon supply without impacting public debt.

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Petroperu to seek $2 billion in state-backed loans to sustain operations

Petroperu to seek $2 billion in state-backed loans to sustain operations

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