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Peru Fast-Tracks Petroperú Overhaul as ProInversión Sets Two-Week Timeline for Asset Plan

Officials say the restructuring will invite private capital without selling the company.

Overview

  • ProInversión president Luis del Carpio said the promotion plan defining patrimonial blocks could be ready within two weeks, with options such as management contracts, APPs, concessions and fiduciary trusts.
  • Petroperú’s shareholders called a press briefing after talks with 12 unions and lawmakers to outline steps to stabilize finances under Emergency Decree 010-2025.
  • The economy minister cited losses since 2022 and about US$5.46 billion in debt, and targeted roughly a 40% cut to payroll outlays focused on upper management, with Contraloría oversight requested.
  • General manager Rita López Saavedra remains in her post after rescinding her resignation, following reported tensions involving a Ministry of Energy and Mines adviser.
  • Labor and political resistance is building, with marches this week and a national strike announced for Jan. 19–20, as the government named Carlos Niño Neira as Perupetro’s new board chair.