Faced with the institutional crisis that Peru’s first company is going through, the Petroperú Administrative Workers’ Union (STAPP) called for a 48-hour national strike for March 21 and 22. This strike takes place with the intention that the state company cease with the abuse of the management and the offense that the workers and union […]
Tag: petroperú
Petroperú in crisis: MEF and Minem convene a Shareholders’ Meeting
Almost a month after the inauguration of the only energy megaproject in recent years: the new Talara refinery, its operator Petroperu it is headed to fall into default, and without hints of correction from its directors and neither from its owners, that is, the State itself. downgrade The day before, Standard & Poor’s (S&P) reduced […]
Crisis in Petroperú: Executive supports the board and management team
Petroperú’s general shareholders’ meeting, held on the night of March 16, at the company’s headquarters located in San Isidro, agreed to support the current board of directors, as well as the management team of the state firm. The appointment was made in the midst of the notification of the downgrade to the long-term rating from […]
The Comptroller summons the MEF and Minem before Petroperú’s rating downgrade
After Standard & Poor’s (S&P), as a result of the lack of financial transparency and the weakening of governance, lowered its long-term rating on Petroperú from BBB- to BB+, a step where junk bonds are located, the Comptroller General of the Republic announced that it has convened the heads of the Ministry of Economy and […]
S&P cuts Petroperú’s outlook to negative and downgrades its rating to “junk”
This Tuesday, Standard & Poor’s (S&P) downgraded Petroperú’s long-term rating from BBB- to BB+, one notch where junk bonds are located. This level is where S&P Global Ratings classifies those companies that are at risk of default. The rating agency also changed the state oil company’s outlook from stable to negative. Fitch Ratings also recently […]
Vehicle diesel rose to S / 1.98 despite being subsidized
On Thursday, March 10, Petroperú announced an increase in the price of the main oil-derived fuels. But this readjustment excepts B5 S-50 UV diesel (used for transportation) and bottled LPG, since both are subsidized by the Price Stabilization Fund (FEPC). The next day, the state oil company issued a statement highlighting that the prices of […]
Minem assures that there is no risk of fuel shortages
The tension between Russia and Ukraine It has caused international prices to rise, causing the value of fuels in our country to increase due to the fact that Peru is the main importer of hydrocarbons. Given this scenario, the head of the Ministry of Energy and Mines (Minem), Carlos Palacios, indicated that he has been […]
New Talara Refinery is 97% complete one month after its inauguration
The New Talara Refinery (NRT), in Piura, registers an advance of more than 97% as confirmed by the head of the Ministry of Energy and Mines (MINEM), Carlos Palacios Pérez, during a meeting with the directors of the state company Petróleos del Perú (Petroperu). It should be noted that the start of operations of the […]
Speculation is installed in faucets across the country
As expected, since this week the prices of oil-derived fuels have risen in Peru, dragged down by the war that Eastern Europe is facing. While at the faucet Petroperu from Los Olivos, gasohol 90 went from S/ 15.50 last week to S/ 18.67 this Friday, in southern regions, such as Arequipa, it could exceed S/ […]
Petroperú: rises in the price of vehicle diesel and LPG respond to speculation
Petroperu recalled this Friday that vehicular diesel and bottled LPG are not considered within the group of fuels whose price rose due to the war between Russia and Ukraine. This is because vehicular diesel (B5 S-50 UV) and bottled LPG are within the Fuel Price Stabilization Fund (FEPC), so they maintain their prices at S/11.54 […]