Overview
- Reporting describes a draft emergency decree from the interim government that would assign ProInversión to lead an integral reorganization of Petroperú under the investment-promotion framework of Decree 674.
- The draft authorizes dividing the company into asset blocks transferable to special-purpose vehicles, with the Nueva Refinería de Talara explicitly contemplated among the separable units.
- ProInversión’s decisions would be binding on Petroperú’s board and management, which would have up to five business days to execute required corporate actions, and the measure would take immediate effect for one year if issued.
- The text prioritizes use of cash flows for urgent operating needs, debt service and labor obligations, orders a rapid new organizational structure with personnel cuts or reassignments, and states no additional Treasury funds would be required.
- Former Petroperú chief César Gutiérrez criticized the reported plan as ill-suited and warned against a breakup or rapid asset moves, while an alternative floated by a former economy minister envisions a private-administered trust for key refineries that may still fall short of covering obligations.