Despite the fact that Petroperú timely expressed its disagreement with PL 804/2021-CR, which seeks to modify articles of the Organic Hydrocarbons Law and expand contractual ties without prior competition, the Energy and Mines Commission of Congress keeps it under the table.
In the letter, dated January 20, the oil company points to the second final complementary provision, which was supposed to address the participation of the state company in the renegotiated contracts. In the original text there was talk of 25% participation in the shareholding. However, the opinion now proposes that, within “five business days following the date of signing the new contract”, The contractor must propose to the company its incorporation as a participating partner, according to the percentages of participation that they agree on.
Petroperu He maintains that, with this, his participation would be left to the negotiation with the companies, in addition to being only as a “participant partner”. In other words, while the initiative gives security to private contractors, their participation “remains uncertain and in a subordinate condition.”
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“It will be convenient for the contractors to have Petroperú as a minority because the payment of royalties they make, on average 25%, would drop to 5%, according to the Supreme Decree 017-2003-EM. In this extreme, the ruling is equally harmful to the interests of the country”, he denounced.
one with another
At the discretion of the president of the commission and promoter of the project Carlos Alva of Popular Action (AP), the global trend is that contractors “require more exploitation terms to recover the risk investments” made during the exploration phase. Petroperú assures that this premise hides a deep “lobbyist tint”. In practice, he points out, a “quasi-perpetuity regime” is forged, a kind of “reverse expropriation in favor of private parties.”
“It is known that, at an international level, the big contractors put pressure to create the feeling that the ‘trend’ is to give them greater privileges. The governments that fall into the game lose, ”he snaps.
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On the other hand, Petroperú argued that those governments that respect the sovereignty of the State, “improve income for their countries”, as well as the population’s access to “resources at affordable prices”. In this sense, he warned that associating renewal guarantees with incentives to invest and the market’s oil performance “has characteristics of private coercion.”
“If the contractors want their contracts to be renewed, they should strive to show investment results and benefits for the country, and not wait for the laws to continue giving them special privileges,” he specified.
Petroperú with broken wings by AP lobi
After a long modernization process, Petroperú is getting ready to reopen the Talara Refinery next April.
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The project of People’s Action would prevent the refinery, surrounded by six lots about to be reverted to the State, from accessing them.
The investigator Jorge Manco points out that the best option for Petroperú would be lots X, from CNPC, and VII/VI, from Sapet.
The data
Text. PL 804/2021 seeks to extend exploitation contracts from 30 to 40 years. In Talara, there are lots whose concession expires in 2023.
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Legacy. The initiative seeks, retroactively, to allow exploitation contracts to be renewed every 20 years until the oil or gas simply runs out.
Source: Larepublica
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