The intentions of President Dina Boluarte of remove the board of directors of Petroperú to incorporate former officials with serious questions into the state did not prosperThe Minister of Energy and Mines, Rómulo Mucho, ruled out the removal of the board of directors of the oil company headed by Oliver Stark.
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Last Sunday, this newspaper revealed that the head of state, after meetings with the former minister of the sector, Óscar Vera, and the former president of the oil company, Pedro Chira, was analyzing the modifications to place both figures in a high position in the public company.
However, both the Minister of Energy and Mines, Rómulo Mucho, and the Minister of Economy and Finance, José Arista, have expressed their rejection of these modifications due to the impact it could have on private investment and the little credibility that still remains regarding the oil company.
Not liquidated
Mucho also told RPP that Petroperú will continue to operate so as “not to impact those who serve, especially in the most remote areas of the country.” He therefore ruled out a possible liquidation of the company.
The official therefore called on the market to remain calm and confident about the company’s compliance with its obligations.
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“I don’t want to say whether there will be financial support, whether there will be optimization and austerity measures. Obviously, this needs to be analyzed in depth and I don’t want to take any chances. We have the best will, even when analyzing everything that has happened, because this is a consequence of many years,” he said.
Plan for the company
Mucho also revealed that today they would give the details of the formula to help Petroperú get out of the crisis, although he preferred not to provide further details in this regard.
However, sources from the Palace told this newspaper that the Council of Ministers would debate the proposal for an emergency decree (DU) that would contain the company’s restructuring plan, as proposed by the board in a statement.
This plan, among other things, would propose the participation of the private sector. It should be noted that today the legal framework of the State company allows the incorporation of private capital up to 49%.
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The proposal for the restructuring plan also includes a forensic audit to determine why the Talara Refinery would have registered a cost overrun with an investment of around US$6 billion.
Similarly, it is also proposed that some of the oil company’s assets be put up for sale or rent, including the building located in the district of San Isidro (Lima), which would result in some of the workers being moved to Talara (Piura).
Perú21 has revealed that the state-owned company has approximately 60 assets that it could dispose of to alleviate its financial situation somewhat. Only eight of these properties are valued at US$166 million.
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