Petroperu Sale: Scarce Interest

Petroperu's company’s antiquated Talara refinery, which officials hope will benefit from the planned IPO. (Photo: Petroperu)

Government’s 51 percent stake will deter investors for planned IPO, experts say.


LIMA --- In the second half of 2015, Peru’s government will sell shares of its state-owned oil company, Petroleos del Peru on Lima’s stock exchange, providing the company with its first injection of private capital since it was created in 1969 from expropriated US Standard Oil properties. 

By opening Petroperu to private investors, President Ollanta Humala’s administration ...

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Keywords: Barrios & Fuentes, Abogados; Ecopetrol; Estudio Galvez Abogados; GeoPark; Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados; Oil; Peru; Petrobras; Petroperu, Talara

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