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September 4, 2024
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Minister Rómulo Mucho on the board of directors of Petroperú: "There will be no changes"

Ministro Mucho aseguró que se darán anuncios sobre Petroperú entre hoy y mañana.

The Minister of Energy and Mines, Romulus Muchoassured that between today and tomorrow he will announce the measures that will be taken in response to the crisis he is facing PetroperuHowever, he said in a brief conversation with RPP that there will be no changes to the board of directors, at least for the time being.

LOOK Union of Trade Unions: “Petroperú must be restructured, but with a technical approach”

“I want to send a message of reassurance to the citizens and the markets,” Mucho said on Tuesday morning, after reporting that he has been working with President Dina Boluarte, the Prime Minister and the Minister of Economy on this issue.

Mucho insisted that the aim was to reassure the markets, and assured that a press conference would be held to announce the measures to be taken.

In the interview, the Minister of Energy and Mines was emphatic in ruling out the liquidation of Petroperú: “It will continue to operate.”

It is clear from his statements that the removal of the board of directors, led by economist Oliver Stark Preuss, who took up the post in June 2024, is not contemplated.

FINANCIAL RESTRUCTURING

On the eve, the Confiep He called on the Executive to make firm decisions to resolve the oil company’s problems.

“We believe that in light of the politicization of Petroperú’s management, the company must undergo a financial restructuring with the support of the best advisors available on the market,” the statement said.

This restructuring will allow for serious negotiations with creditors and facilitate the capitalization of the company.

The union said that it is necessary to have “a firm political decision and an adequate institutional framework” for this reform to be successful. In this way, it indicated that all Peruvians benefit and not just a few.

On the other hand, he supported the board of directors of Petroperú and described it as “professional and competent” in responsibly addressing the critical and unsustainable situation of the company.

Recently, the Minister of Economy and Finance, José Arista, stated that no more resources will be injected into the state-owned company, since financial support has not even been contemplated in the budget project.

Last Wednesday, the Executive also met with the board of directors of Petroperú, which gave an ultimatum to take action in response to the crisis at the state oil company.

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