Just like the Peruvian team, Petroperu The state-owned company is in crisis and, unlike football, the oil company’s problem does hit everyone’s pockets. The state-owned company yesterday received a goal against it with the departure of its starting team, the members of the board of directors, due to the lack of action of the person who should be the captain, that is, the Executive.
Look: ComexPerú considers Petroperú’s board resignation to be a “bad sign”
And since May 2024, the group headed by Oliver Stark warned of the company’s financial problems, which in the first half of the year had lost more than US$452 million. The government ignored this warning, so on August 27 the board of directors again sent a statement urging the executive to make a decision: continue injecting more capital, accept bankruptcy or carry out a deep restructuring.
Since last week, according to Palace sources, the Executive The company promised to approve the emergency decree for restructuring, which included a capital injection, new goals and the sale of units that were no longer useful to the company. This regulation was expected until Monday, but since it was not published, and given the exhaustion of the company’s cash flow, the board of directors of the oil company decided to step aside.
“The signatories declare that they are not responsible for the scope or consequences of any legal norm that may be approved,” the board said in a statement, after indicating that they do not want to continue seeing the country’s resources being allocated to the company without a clear roadmap or accountability.
MINIMIZES IT
The president Dina BoluarteFar from reflecting on the reasons behind the resignation, as did business associations such as the Lima Chamber of Commerce and ComexPerú, he minimized what happened.
“The board of directors of Petroperú has resigned, that’s correct. We will have to appoint officials who love the country, who create opportunities. We can have constructive criticism, but we all create progress,” he said. “We cannot have a bureaucratic payroll in times of crisis,” he added.
Look: Dina Boluarte: “We are not going to privatize Petroperú”
What she did not say during the speech is that, according to sources from the Executive, over the weekend the president conditioned the signing of the emergency decree to the appointment of the questioned former Minister of Energy and Mines. Oscar Vera as general manager of Petroperú, since the possible arrival of this character was also a trigger for the resignation. Yesterday, precisely, the head of State met with the former head of Energy and Mines in the Palace.
The position of the president contrasts with that of the ministers Jose Arista and Romulus Muchowho defend a technical board that also has the support of the private sector and experts in the field.
In this regard, analyst Anthony Laub said on Peru21TV that what is sought is a board that is in line with the government, that is, one that is not independent. “How much longer do we have to continue investing in a company that only takes resources from the state, and everyone simply remains silent?” he asked.
PLEASE NOTE
-Another person that the president also wants in Petroperú is the former president of the company, Pedro Chira.
-Recently, Minister Rómulo Mucho ruled out the departure of the company’s board of directors, but Prime Minister Gustavo Adrianzén indicated that there would be changes.
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