Overview
- Decree of Urgency No. 010-2025 authorizes a patrimonial reorganization by asset blocks managed through special-purpose vehicles under ProInversión, with Petroperú retaining ownership.
- The government approved S/240 million from the Energy and Mines Ministry for restructuring measures, including staff reductions and compensations, and allowed transfers of up to S/144 million to ProInversión.
- ProInversión chief Luis Del Carpio said a technical action plan will be delivered within 60 days and asserted fuel supply and prices will not be affected during the process.
- Official data cite an estimated US$445 million net loss in 2025 and US$975.8 million owed to suppliers, with the Talara refinery flagged as the main source of operating losses after S&P’s year-end downgrade.
- Unions denounced possible job cuts and a congressional motion to censure Economy Minister Denisse Miralles is in preparation, as former executives warn unpaid suppliers could force an operational halt within months without cash relief.