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Peru Reaffirms State Control of Petroperú as Unions Set 72-Hour Strike

The government is advancing a decree-funded reorganization intended to avert insolvency and protect strategic assets through trusts.

Overview

  • The 12 Petroperú unions ratified a national strike from January 19 for 72 hours in protest of the emergency plan.
  • Decreto de Urgencia 010-2025 launches an organizational overhaul financed with S/244 million from the Treasury.
  • Ministers acknowledged the company was near insolvency and at risk of creditor control before the intervention.
  • Authorities say strategic assets will be placed in trusts, with limited private participation that does not cede ownership or control, and ProInversión will appraise non-strategic assets.
  • Supplier Unna Energía withdrew the concursal proceeding it initiated in December, and officials state nationwide fuel supply is guaranteed.