Overview
- Decree of Urgency No. 010-2025 is in force, tasking ProInversión to separate Petroperú into patrimonial blocks, move them into special-purpose vehicles and select operators while keeping titular ownership public.
- Prime Minister Ernesto Álvarez and Economy Minister Denisse Miralles say the move is not privatization and aims to protect fuel supply and end costly inefficiencies and perks at the state oil firm.
- ProInversión’s chief set a 60‑day deadline to deliver a technical reorganization plan and said international financial advisors will be engaged, adding that Talara will be preserved and run efficiently rather than sold.
- The decree authorizes S/240 million from the Energy and Mines Ministry to fund staff reconversion and severance, as officials cite heavy net losses and billions in soles owed to suppliers.
- Unions announced nationwide work stoppages next week, congressional critics pursue censure efforts, and the Defensoría del Pueblo challenges the decree’s constitutionality for a transitional administration.