Overview

• Peru’s Economy and Finance Ministry authorized a bond issue exceeding $287 million to transfer and refinance Petroperú’s short‑term obligations and secure nationwide fuel supply.
• Energy and Mines Minister Jorge Montero said at Perumin 37 that the operation is not a bailout or new treasury funding, noting there is no emergency decree.
• Montero called Petroperú a large integrated business that moves about $5 billion a year and argued that 2024 losses of more than $700 million reflect industry cycles.
• SNMPE president Julia Torreblanca criticized continued support as a “vicious circle,” urged stronger governance, and said the funds could instead address social needs.
• Congressman Wilson Soto requested the immediate removal of Petroperú president Alejandro Narváez and sought hearings with Economy Minister Raúl Pérez-Reyes and Narváez to explain the bond plan, also floating privatization.