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ProInversión Seeks S/86.4 Million as Petro-Perú Names Acting General Manager in 60-Day Reorganization

A 60-day deadline now frames scrutiny of a S/86.4 million request for due diligence.

Overview

  • ProInversión formally asked Petro-Perú to transfer S/86.4 million immediately—60% of the S/144 million authorized—to fund due diligence, asset valuations, and legal and financial structuring of patrimonial blocks.
  • The agency indicated the remaining S/57.6 million should be transferred within up to 90 business days under the timeline set by the December 31 emergency decree.
  • Petro-Perú’s board informed the market on January 7 that Rita Lorena López Saavedra would serve as acting general manager effective January 8.
  • Members of Congress introduced bills to repeal or constrain the decree and to safeguard fuel supply and financing, signaling intensified political pushback.
  • ProInversión’s restructuring lead stated the plan is not a privatization and that personnel decisions rest with Petro-Perú, as the workers’ union demands transparency and alleges constitutional flaws in the decree.