In the midst of the delicate financial situation of Petroperuthe Executive Branch approved a emergency decree which authorizes extraordinary measures to reorganize its assets and ensure the continuity of fuel supply in the country, a decision that seeks to contain major risks to energy security and the normal functioning of the economy.
The measure was established in Emergency Decree No. 010-2025, published this Wednesday night in an extraordinary edition of the Official Gazette El Peruano.
The standard establishes urgent and exceptional actions in economic and financial matters to guarantee the continuity of the hydrocarbon production and supply chain at the national level.
The decree states that its purpose is to ensure, immediately and exceptionally, the operation of Petroperú against the economic and financial risks that compromise its operation, with the objective of preserving the energy security of the country and the stability of economic activities linked to the transportation, distribution, marketing and supply of hydrocarbons.
Exceptionally and for reasons of public necessity, the rule authorizes the equity reorganization of the assets of Petroperú SA into one or more equity blocks. These may include tangible and intangible assets, licenses, permits and contracts, and expressly contemplate the New Talara Refineryas well as other productive units that are determined in the process.
The heritage blocks may be transferred to one or several Special Purpose Vehicles, whose ownership will correspond to Petroperú. For these purposes, the state company is incorporated into the private investment promotion process provided for in Legislative Decree No. 674, Law for the Promotion of Private Investment in State Companies.
PROINVERSIÓN IS CHARGED TO CONDUCT THE PROCESS
The decree tasks the Private Investment Promotion Agency (Proinversión) with the design and comprehensive execution of the process.
The entity will be empowered to approve the promotion modality or modalities and the respective Private Investment Promotion Plan, which must be approved within a maximum period of 60 calendar days from the entry into force of the regulation.
Among the powers granted to Proinversión include the representation of the economic and political rights of the restructured heritage blocks, the decision on the transfer of assets to said blocks or to trusts, as well as the selection of specialized operators for the operation and comprehensive maintenance of the assets, under management schemes that ensure technical efficiency.
State capital contribution
The decree authorizes a capital contribution of up to S/ 240 million during fiscal year 2026, by the Ministry of Energy and Mines, intended for the operational strengthening of Petroperú. These resources may not be used for other purposes and will be capitalized through the issuance of shares in favor of the Peruvian State.
The decree establishes a validity of one year, counted from the day after its publication, and was endorsed by the president of the Council of Ministers, the Minister of Economy and Finance and the Minister of Energy and Mines.
The Executive maintains that these measures seek to avoid an interruption in the fuel supply chain and preserve the normal development of the country’s essential economic activities.
DATA
-Petroperú must maintain the operation of its facilities and reduce expenses.
-Proinversión must prioritize areas where Petroperú is the main supplier, according to information from Osinergmin.
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