Construction market faces potential $860mn Petroperu claim in Covid BI dispute
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Construction market faces potential $860mn Petroperu claim in Covid BI dispute

Jairo Ibarra
11 February 2022
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Photo: Petroperu

The Latin American construction market is embroiled in a dispute with Peruvian state oil company Petroperu over a potential $860mn claim generated from pandemic-related shutdowns, this publication understands.

Local reports and sources speaking independently to this publication suggested that Petroperu is claiming for business interruption losses ranging between $760mn-$860mn after reconstruction works at the oil company’s Talara refinery – which had up to $1bn in insured values...

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Topics

News Construction/engineering Claims and losses
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Jairo Ibarra
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