Overview
- The government issued DU 010-2025 assigning ProInversión to design and execute a patrimonial and operational restructuring, including splitting assets into blocks that could cover the Talara refinery.
- Leaders say the process seeks efficiency and continuity of fuel supply rather than privatization or liquidation of the state firm.
- The decree authorizes S/240 million for workforce reduction and severance and up to S/144 million for ProInversión’s work, with the agency pledging a 60‑day action plan and stating prices and supply will not be affected.
- Official data show Petroperú closed 2025 with about US$445 million in net losses and US$975.8 million owed to suppliers, while 83 employee benefits are under scrutiny in the cost-cutting drive.
- Worker federations and the party Podemos Perú oppose the plan, as former executives warn operations could stall within months without fresh cash, though one analyst reports bondholders were paid and CESCE funds reserved.