The Ministry of Economy and Finance (FEM) clarified this Friday, March 18, that the last Petroperú Shareholders’ Meeting, held this past Wednesday, March 16, was an initiative of this office and not of the Ministry of Energy and Mines (mine), as pointed out by the office of Carlos Palacios this last Thursday.
“Subject to the alleged agreements published in the statement issued through the MEF Twitter account, regarding the session held on March 16 of this year, we clarify that said call was requested by the Minister of Energy and Mines with official letter 132 -2022-Minem/DM, in his capacity as president of the JGA of Petroperú SA, under the modality of universal meeting”, said the Minem when referring that his call was made on March 15, as shown in a document uploaded to social media.
However, La República sources close to the MEF specified that they were the ones who made the request by sending two letters, which were sent on March 1 and 11, which were addressed to the president of the board, Mario Contreras. Ibárcena, in which the convening of the General Shareholders’ Meeting was requested, to address the financial situation of the state oil company that had been warned by the rating agency Fitch Rating; as well as the alleged irregularities committed within the company.
The first letter sought a meeting to clarify the alleged irregularities in the public tender for the supply of biodiesel, which was announced in a Sunday program.
In the second letter, dated March 11, the MEF requested a report on the status of Petroperú’s debts with Cesce and the Bondholders; and the risks inherent in the credit rating; in addition to the problems faced by the national firm due to the audits of the 2021 financial statements, within the framework of the downgrade from BBB to BBB- that Fitch made on March 9.
“It should be noted that the financial situation of the company is of great interest to the MEF due to our quality as shareholders, as well as the impact it can generate on the credit rating of the Sovereign, which has implications for the country’s public finances,” pointed out the governing body of the economy in the letter.
The MEF represents 40% of the total subscribed and paid shares of Petroperú.
Source: Larepublica
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