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“Lot X is not going to be delivered to Petroperú,” assures Minister Rómulo Mucho

“Lot X is not going to be delivered to Petroperú,” assures Minister Rómulo Mucho

The Minister of Energy and Mines, Rómulo Mucho Mamani, confirmed that the Lot will not return to Petroperú, and they will bet on a tender.

“Of course, we have already authorized the mix tender for Lot We will see this, as you know, it is Perupetro’s business. We already had a first meeting,” he commented in Exitosa.

The day before, the head of Minem had indicated that Perupetro —according to its nature— was going to decide who will take the reins of Lot Government for the restructuring of the state firm—considered it necessary for Talara’s largest operation to be managed 100% by Petroperú to strengthen it.

It is worth adding that Lot X has been in private hands for 30 years. It is currently operated by the Chinese state-owned CNPC, which, on the verge of expiring its contract (May of this year), has declined in production to below 9,000 barrels per day.

Mucho Mamani emphasized that Petroperú invoices more than US$5 billion a year, and what remains now is to make it efficient, by cutting “certain cost overruns” that “everyone knows within the company.” The construction of the New Talara Refinery explains part of the high expenses that weigh down the state firm’s numbers.

Source: Larepublica

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