A Peruvian state oil company said it has received $1.3 billion from lenders, in addition to $2 billion it previously obtained — and that it still plans to borrow $600 million more — as it pushes ahead with a controversial refinery project. Photo courtesy of Petroperu Nov. 29 (UPI) — The Peruvian state oil company said it has received $1.3 billion from lenders, in addition to $2 billion it previously obtained — and that it still plans to borrow $600 million more — as it pushes ahead with a controversial project with costs that have soared from original estimates. Petroperu received the 10-year, $1.3 billion loan from a Spanish lending agency that helps promote exports from that country and plans to repay it at a 4 percent annual rate after completing the Talara refinery upgrade in 2021, according to a Wednesday press release . Spanish companies were selected to […]