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Petroperú’s Board of Directors calls a shareholders’ meeting so that MEF gives them “absolute support”

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This Monday, the Petroperú board met to accept the resignation of Hugo Chávez Arévalo as general manager and temporarily appoint Jesús Fernando De La Torre as his replacement. However, this was not the only topic discussed at the meeting.

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According to an important fact reported today by Petroperú to the Superintendence of the Securities Market (SMV), it is detailed that the board agreed to convene the Extraordinary General Meeting of Shareholders, that is, the Ministry of Economy and Finance (FEM) and the Ministry of Energy and Mines (Minem).

This session has been called for this Friday 25th and next Tuesday 29th March. There are three issues to be discussed, but there is one that could extend or aggravate the crisis that the state oil company is experiencing today.

The board seeks the approval of “absolute support in favor of Petroperú by the Ministry of Economy and Finance, in the face of the crisis that it has been going through as a result of the delay generated by the Comptroller General of the Republic regarding the Audit of the Financial statements of the year 2021, requested from the month of July 2021″.

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Another issue on the agenda is the approval of measures to stop and reverse the fall in the international price of the bonds issued by Petroperú.

Finally, the call is also for shareholders to give the green light to the actions to ensure the continuity of Petroperú as a going concern and the start-up of the new Talara Refinery in April 2022, including measures to monetize the debt that the State maintains against to the state oil company for an approximate amount of S/ 2,600 million, for IGV and FEPC debt.

Minutes of the directory. Source: SMV

Source: Larepublica

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