Overview
- Decree of Urgency No. 010-2025 took effect after publication on Dec. 31, authorizing Petroperú’s division into autonomous asset blocks that can include the Talara refinery and be placed in SPVs and fiduciary structures.
- The measure allocates up to S/240 million in 2026 for internal restructuring and personnel measures and up to S/144 million for ProInversión to design and execute the process, including operator selection.
- Petroperú’s board must approve a new organizational structure and personnel actions within 30 business days, while ProInversión has deadlines to define promotion modalities and a plan under DL 674.
- The government cites a solvency and liquidity crisis—losses, reduced credit lines and only about S/66 million in cash as of October 2025—while setting payment priorities to keep critical operations running.
- Unions and local authorities protested, denouncing an opening to privatization and warning of supply risks in regions such as Loreto and Ucayali, and a congresswoman filed a censure motion against Economy Minister Denisse Miralles.