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ProInversión to Unveil Petroperú Asset-Block Plan Within Two Weeks

Officials say the state will retain ownership as they court investors and short-term financing to stabilize the heavily indebted company.

Overview

  • Refinería de Talara is expected to be carved out as a standalone block under a management contract, public–private partnership or equity participation, with authorities ruling out an outright sale.
  • The government targets about a 40% cut to payroll spending focused on managerial layers, while denying plans for mass layoffs of operational staff.
  • ProInversión is engaging banks to restore short‑term credit lines without state guarantees and aims to secure private investors for at least some blocks by June, depending on market response.
  • Creditor UNNA Energía withdrew a request to initiate insolvency proceedings after talks, as officials met with Petroperú’s unions and political opposition mobilized protests and a strike for next week.
  • Non-core asset disposals are being prepared, including the emblematic San Isidro headquarters and other properties, and the MEF has asked the Comptroller to review past decisions at the company.