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Peru Fast-Tracks Petro-Perú Overhaul as ProInversión Seeks S/86.4 Million, Talara Concession Considered

The government aims to avert insolvency through a 60‑day restructuring plan that will split Petro‑Perú into promotable asset blocks.

Overview

  • An emergency decree (010-2025) is in force assigning ProInversión to design and execute a patrimonial reorganization, with a promotion plan due within 60 days.
  • ProInversión formally requested an immediate S/86.4 million transfer—60% of the S/144 million authorized—to fund due diligence, asset valuations, and legal-financial structuring, with the remainder due within 90 business days.
  • Energy and Mines Minister Luis Bravo said assets will not be sold, yet he acknowledged a concession for the Talara refinery is a possibility to be evaluated by ProInversión.
  • Petro‑Perú appointed Rita Lorena López Saavedra as general manager effective January 8 and reassigned Gustavo Villa Mora to operations in Talara.
  • Congress members introduced bills to repeal or constrain the decree and the Petro‑Perú union demanded transparency and Contraloría oversight of the S/144 million, as supplier debts exceed S/2.5 billion.