State Petroperú signs agreement to sell fuels to YPFB of Bolivia

File photo of the logo of the state-owned Petroperu in the company’s offices in Lima.
May 4, 2017. REUTERS / Mariana Bazo (MARIANA BAZO /)

LIMA, Jul 31 (Reuters) – State-owned Petroperú said on Friday that it signed a contract for the sale of diesel and gasoline fuels until the end of the year with Yacimientos Petroliferos Fiscales de Bolivia (YPFB), in an agreement subject to renewal.

The contract specified that Petroperú may sell 2,600 barrels per day of HS diesel and 650 barrels per day of 84 octane gasoline to the Bolivian company, volumes that may be increased according to the parties, until December 2020.

“With this export contract, Petroperú increases its sales level and reinforces its economic recovery to continue playing a key role in the reactivation process of the national economy,” the Peruvian firm said in a statement.

Petroperú is in the process of expansion with an estimated investment of $ 4.7 billion to increase the processing capacity of its Talara refinery to 95,000 barrels per day (bpd) of crude oil from the current 65,000 bpd.

(Report by Marco Aquino. Edited by Javier Leira)