Overview
- The government published DU 010-2025, authorizing the restructuring of Petroperú’s assets into one or more autonomous blocks that can include the New Talara Refinery.
- The decree incorporates the company into the private‑investment promotion regime, repeals Article 1 of Law 28244, and enables special‑purpose vehicles and fiduciary trusts.
- ProInversión is tasked with designing and executing the process, receives authorization for up to S/144 million, and faces a 60‑day deadline to approve a promotion plan.
- Up to S/240 million is approved in 2026 for internal measures including workforce reconversion and reductions, and the board must adopt a new structure within 30 business days.
- The decree cites only S/66 million in cash as of October 2025 and sets payment priorities to sustain operations, while unions and Talara leaders protest and warn of de facto privatization, with some media reporting unconfirmed layoff targets as high as 40%.