Petroperu's Talara refinery faces repeated operational stoppages in 2026 even as the state-owned firm posts a Q1 profit. Debt stands at US$7.9 billion, costing Peruvian taxpayers billions.
Peru
Key Facts
—2026 Net Profit (Jan-Apr) US$208.4 million, reversing a US$197 million loss in the same period of 2025
—Talara Refinery Shutdowns Stoppages on March 29, 2026 (auxiliary steam-generation failure), April 5, 2026 (water desalination unit failure) and late July 2026 (port closure from anomalous swell plus a crude shortage tied to a liquidity crunch)
—Total Debt Approximately US$7.9 billion as of February 2026, reported near US$8 billion by May 2026
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