Talara: reprivatization is reborn in Congress

Retroactive reprivatization without time limits has returned to the agenda of the Congress of the Republic, after the Energy and Mines Commission I will try this Tuesday expedite the debate of bills 804 and 2279settled in 2022.

The devices presented jointly by legislators Carlos Alva (formerly of Acción Popular) and José Jerí (Somos Perú), respectively, seek to standardize the ongoing oil and gas contracts, providing the former with 10 additional years for their exploitation. Talara deposits, especially those about to expire, are at the center of the controversy.

Tuesday’s debate could not be consummated because both projects were only rescued from the archive on Monday afternoon, which violated article 54 of the regulations of the Congresswhich points out that the call and documents are given 24 hours in advance, as denounced by parliamentarian Elizabeth Media.

“The two predictions have come together. Initially, the prediction that was seen last year had been eliminated by the commission staff,” said the Peru Libre congresswoman for La República.

Under the argument of revitalizing the industry in a context of high prices due to the war, and preventing the end of contracts – such as that of Lot exhaust the resource. A privatization without limits.

Alva himself had indicated last year his disagreements with CNPC (70% of Talara’s production) remaining in Lot X for longer. However, the project that was rescheduled yesterday is the same. It should be noted that the price of international crude oil today exceeds US$85 per barrel.

This medium attempted to communicate without success with legislators Alva, Jerí, and Segundo Quiroz, the latter, president of the working group.

The key

Papers. According to the Organic Law of Hydrocarbons (LOH), oil contracts are for 30 years, and gas contracts for 40. The issue is that some lots contain both.