LIMA, March 8 Peru's state-owned energy company
Petroperu has decided to sell up to $3 billion in bonds
in global markets following a shareholder meeting last week, the
company said in a letter to the country's securities market
regulator late on Tuesday.
Petroperu has been seeking financing for $3.5 billion in
upgrades at its main oil refinery in the city of Talara, and the
government said last month that the company was pursuing a mix
of loans and bonds for the project.
Energy and Mines Minister Gonzalo Tamayo said in February
that the Peruvian government would provide a guarantee for
Petroperu's bonds for the refinery program.
(Reporting By Mitra Taj Editing by W Simon)