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Peru is seeking private managers or investors to overhaul the operations of its new state-owned oil refinery. The facility is currently underperforming and accumulating significant financial losses. The government aims to partner with the private sector to optimize the refinery’s efficiency and profitability, reversing its current negative trajectory. This move highlights the challenges the state faces in managing complex industrial assets and its strategic shift toward privatization or external expertise to stabilize the national energy sector. The initiative underscores a commitment to fiscal responsibility and operational excellence. (69 words)
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