The legal measure issued today ensures that Petroperu continues to fulfill a strategic role for Peruvians, and no privatization or sale of the State-owned company's strategic assets is planned,
Therefore, he explained, a financing line of up to US$2 billion has been enabled through a special-purpose vehicle, a kind of credit card, which will be managed by ProInversion.
"This ensures Petroperu can continue fulfilling its strategic role for Peruvians, as it currently lacks the capacity to purchase crude oil for refining and meet the country's demand," Del Carpio warned.
At a press conference, the official said this measure is intended to support Petroperu's operations.
"It is working capital for Petroperu to use exclusively to ensure its operations," he pointed out.
Legal measure overview
The Executive Branch published today, in the Legal Norms bulletin of the Official Gazette El Peruano, an urgency decree establishing extraordinary and urgent economic and financial measures to mitigate the national energy crisis and guarantee the nationwide supply of hydrocarbons.
Urgency Decree No. 003-2026 will remain in force until December 31, 2026. It aims to "guarantee the continuity of the production chain, the nationwide supply of hydrocarbons, as well as strengthen the stability and security of the national energy system."
To ensure Petroperu's operational continuity, the company is authorized to participate, individually or with third parties, "in the establishment of a special-purpose vehicle to receive, channel, and replenish contributions aimed at ensuring its operational continuity and implementing the provisions of Urgency Decree No. 010-2025," the latter intended to restructure the State-owned company.
Furthermore, the Ministry of Energy and Mines (Minem) is authorized to assume contingent commitments with domestic or international entities, within the framework of the operation regulated under this article, for up to the equivalent in domestic currency (Peruvian soles) of US$2 billion, exclusively to finance Petroperu's operational continuity.
Minem is also authorized to assume short-term contingent commitments for up to US$500 million, which must be fully repaid once the disbursement in favor of the Administration Trust Fund established by Petroperu has been made.