Overview
- Decree of Urgency No. 010‑2025 authorizes a patrimonial and operational reorganization that splits assets into blocks, uses special‑purpose vehicles and fiduciary mechanisms, and allows private participation in selected units while keeping the company public, according to officials.
- The measure allocates S/240 million for restructuring actions such as personnel reductions and internal reorganization and permits up to S/144 million for ProInversión to execute the process, with disbursements controlled by the Energy and Mines Ministry.
- ProInversión says it will present the action plan within 60 days, engage top‑tier investment banks and advisors, and evaluate blocks that could include the Talara refinery, while assuring no impact on fuel supply or prices during the transition.
- Political and labor pushback is mounting, including a censure motion against Economy Minister Denisse Miralles led by legislator Heidy Juárez and union claims that the plan dismantles the state oil firm, as the prime minister rejects any privatization intent.
- Analysts and former officials warn that with nearly US$1 billion owed to suppliers and persistent losses linked to Talara, Petroperú could face operational suspension within months without near‑term liquidity, as the government seeks to advance key steps before the mid‑year transition.