Overview
- The Energy Ministry transferred S/86.4 million to ProInversión to fund legal and technical studies under Emergency Decree 010-2025, launching a 60‑day window that began January 1.
- The MEF says the process is not a privatization and aims to place strategic assets in protective trusts and bring in private capital, targeting first contracts by June.
- Fitch withdrew all Petroperú ratings citing insufficient information and weak liquidity, while S&P lowered or placed the company under negative watch; debt is about US$5 billion with heavy 2025 losses.
- Congress’ Energy and Mines Commission convened the energy minister for explanations and lawmakers filed multiple bills to repeal the decree, with some pushing interpellations of cabinet officials.
- Petroperú unions called a 72‑hour national strike starting January 19 over what they term a hidden privatization, as the decree also authorizes up to S/240 million for personnel cuts that experts warn could impair operations.