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"State-run Petroperú, the block’s current operator, aggressively pushes for more Amazon crude to recoup massive debts from the build-out of its Talara Refinery, budgeted at $6.5 billion. The refinery build-out, financed by commercial banks, has put the company in a precarious financial position as it continues to rely on unsustainable government bailouts. As a result, Peru is stuck in a perpetual cycle of oil debt."
https://amazonwatch.org/news/2025/0722-the-achuar-reject-petroperus-oil-expansion-yet-again