Overview
- An urgent measure (DU 010-2025) puts ProInversión in charge of designing and executing a patrimonial reorganization, with key decisions targeted by June 1, 2026.
- By year-end 2025, supplier arrears reached US$975.8 million and the net loss was projected at US$445.3 million, while the MEF identifies the Talara refinery as the main loss center at about -US$481 million in 2025.
- Premier Ernesto Álvarez says the goal is restructuring rather than selling the entire company, with options including retaining units, bringing in private capital, divesting certain assets or liquidation as determined by ProInversión.
- Analysts warn that months of unpaid invoices could force an operational halt without short-term relief, with roughly US$160 million in semiannual Talara-related debt service due; former director David Tuesta says bondholders have been paid and funds for the CESCE loan are set aside.
- Political resistance is gathering, with Podemos Perú preparing a censure motion against Economy Minister Denisse Miralles and Petroperú worker federations condemning the proposed breakup.