Operators of oil fields on the north coast of the country sent a letter to President José Jerí to request a meeting and analyze the “critical situation” of the debts they have. Petroperu.
“The undersigned, representatives of various operators of oil blocks on the northern coast of the country, respectfully address you to express our deep and urgent concern about the critical situation we are going through due to the growing and systematic non-payment by Petróleos de Perú SA (“Petroperú”) for the purchase of crude oil produced in our operations,” the document reads.
Among those who sign the document are Guillermo Ferreyros from OIG Peru, Henry del Castillo from UNNA Energía, Reynaldo Llosa from Olympic Perú, Jorge Pozo from GTG Petroleum, Manuel Novoa from Petromont and Jaime Avalo from Panda Energy.
As indicated, all the oil fields in northwest Peru are connected via pipelines and commercially linked to the Talara Refinery, owned by the oil company; therefore, they indicated that their income, cash flow and operating capacity depend exclusively on payments from the state.
Likewise, they reported that the accumulated debt already exceeds US$120 million, which affects the financial sustainability of the group of operating companies and the entire value chain linked to the activity of the public company.
In that sense, they assured that there are more than 100 companies that provide local goods and services that are at risk, since it depends directly on the operations of those who supply Petroperú.
“This problem threatens not only the hydrocarbon sector, but also the regional economy and the country’s fiscal income. If this situation persists, the productive and social deterioration will be profound, accelerated and difficult to reverse,” they stated.
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