Overview
- A draft urgent decree expected before year‑end would give ProInversión binding authority to design and execute Petroperú’s patrimonial reorganization under D.L. 674, with the board required to implement decisions within five business days.
- The plan would allow the company to be split into asset blocks or trusts, potentially including the New Talara Refinery, with transfers to special vehicles and management by private operators.
- ProInversión would be empowered to structure trust contracts with Cofide or other fiduciaries, and cash flows from reorganized units would be directed first to critical operating needs and then to debt obligations.
- If enacted, the decree would require Petroperú to approve a new organizational structure and implement workforce reduction and reconversion measures within 20 business days.
- The finance minister says the government is evaluating financial restructuring without new state cash, while unions and a former Petroperú president argue the approach risks a de facto privatization and hurried, low‑value asset deals.