Petroperú closes 2023 in blue in operational terms thanks to the vertical integration with lots I, VI and Z-2B and expects to recover 6 percentage points of market share in the summer of 2024 to reduce oil prices. fuels by not less than 5%.
The state oil company lost the market (it covered 40%) when construction of the New Talara Refinery began. However, since the plant became operational again, has gained ground to reach an average of 27% this year. The objective is to achieve a participation of 33% by the first quarter of 2024.
Currently, the NRT is able to produce at 100% of its capacity, but it does not do so because it does not have enough market to place its production.
As it recovers its position, it will be able to continue driving fuel prices downward, based on a vertical integration that will allow it to obtain its inputs (light crude oil from the coast and heavy crude oil from the jungle) at production cost and not at international price, as has been done since privatization.
The aggressive strategy of Petroperu It involves directing more products to the industrial sector and offering better quality diesel. In operational terms, the company is already in the blue.
It is also expected that, thanks to the successful entry of Petroperú in lots VI and Z-2B (Lot I was already managed), wholesale prices could fall in the order of 5% in 2024.
The contract for Lot X, the largest in Talara (70% of production), ends in May 2024. “We are returning to the market with a better price. The private companies follow the lead at the prices that Petroperú sets,” he said. Arturo RodriguezPMRT manager.
Proof of this is that the demand for the state company in September was 60,000 barrels; in October, 70,000. To date, there are more than 84,000, out of a total NRT capacity of 95,000.
“The NRT, as it continues to be optimized, will provide more competitive prices that will translate into the market. The more lots we have, we have margins that add up and translate into better prices for the population,” said the engineer.
Data
Eye. Petroperú already has six interested parties to accompany it in Lot 64 of the jungle.
Horizon. In the long term, the goal is for the state company to once again operate its own taps, a natural business for any oil company.
Source: Larepublica
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