The Departmental Council of Lima of the College of Engineers of Peru (CIP Lima) indicated that the reorganization of Petroperu It is an opportunity for entrepreneurs to carry out technical, institutional and structural reform of the public company.
For this reason, he warned that the reorganization of the oil company alone is insufficient to reverse the structural situation that the company is going through, as he recalled that capital contributions and extraordinary financial measures have not managed to sustainably modify the course of the company.
In that sense, it proposed some complementary technical measures to emergency decree (DU) 010-2025, such as strengthening Petroperú’s corporate governance through the formation of a professional, independent and meritocratic board of directors.
“A comprehensive and effective reorganization must be implemented, which includes the orderly re-profiling of the debt, the normalization of working capital, strict cost control and the recovery of minimum conditions of financial solvency and access to competitive financing,” he indicated.
Likewise, he pointed out that the operational continuity and efficiency of strategic assets must be ensured, in particular the new Talara Refinery, guaranteeing its sustained operation at optimal levels of load, efficiency, industrial safety and environmental compliance.
In addition, he indicated that the distortions in the fuel market that affect the competitiveness of national refining must be corrected, including those associated with international regulations.
“Business management must be explicitly separated from the social mandates of the State, such as supply in isolated areas, the operation of the North Peruvian Oil Pipeline or attention to environmental contingencies,” he said.
Another approach is the evaluation for the incorporation of a strategic private partner, under the public-private partnership scheme or other mechanisms that allow strengthening governance and the injection of capital.
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