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Petroperú Rules Out Privatization in State-Led Reorganization

The company says an emergency-decree overhaul aims to restore solvency, protecting Peru’s fuel supply.

Overview

  • In a Jan. 11 statement, Petroperú said Decree of Urgency No. 010-2025 authorizes extraordinary measures to reorganize its patrimony and secure the hydrocarbons supply chain.
  • The firm rejected privatization talk, stating the State will retain ownership of strategic assets.
  • The plan has two tracks—patrimonial and internal—intended to restore financial stability and operational efficiency.
  • The patrimonial component seeks to strengthen finances so the company can meet obligations to bondholders, banks, suppliers, contractors and workers.
  • Internal measures remain under technical review with full compliance with labor rules, as management coordinates with the Economy and Energy ministries and ProInversión and promises official updates through institutional channels.