As La República announced on October 23, the Ministry of Energy and Mines (Minem) announced the restart of the massification of natural gas in the regions of Arequipa, Moquegua and Tacnathrough projects financed with resources from the Energy Social Inclusion Fund (FISE). On October 31, the bidding process began so that companies that have “experience, […]
Tag: petroperú
Gas connections in south west concession will triple
The massification of natural gas in the south-west concession managed by Petroperú—after the untimely departure of the Spanish company Naturgy in 2020—could be postponed due to the delay in the bidding of the S/200 million budget granted by the central government for this purpose. Petroperú is not a concessionaire, but rather a temporary administrator since […]
Petroperú and Perupetro sign license contract for the operation of lots I and VI of Talara
Isabel Tafur Marín, president of the board of directors of Perupetro, and Pedro Chira Fernández, president of the board of directors of Petroperú, signed this Saturday, October 21, the hydrocarbon exploitation license for two years in lots I and VI, located in Talara (Piura). The state oil company has within its pLanes will carry out […]
Government signs decrees for the temporary operation of lots I and VI with Petroperú
The joint production of both fields exceeds 2,500 barrels per day (bpd). Each barrel has an average international cost of around US$90. Encargo will be developed while a new international tender is being designed for the operation of the northwest fields. Join the La República WhatsApp channel Price of the dollar today in Peru: what […]
Petroperú rules out participation of senior officials in cuts to the Norperuano Pipeline
The state oil company said that, among the eighteen people included in the investigation, the authorities have identified two Petroperú workers, one being a pipeline area supervisor and the other community relations coordinator. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Saturday, October […]
S&P lowers Petroperú’s rating and sees the need for government support
The risk classifier Standard & Poor’s (S&P) reduced Petroperú’s credit rating as a long-term debt issuer from BB to B+. It also cut its standalone credit profile from B- to CCC+. Among other aspects, the document reveals that the state oil company is going through a moment of “weakness” due to the expense incurred by […]
Fuels: wholesale prices fell by up to S/0.52 per gallon this week
The wholesale prices of the main fuels fell by up to S/0.52 per gallon this week, according to the latest report issued by Petroperú. The greatest reduction was recorded in the premium gasoline and regular gasolinewhich fell to S/21.52 and S/17.60, respectively. For its part, 84 octane gasoline decreased by S/0.46 to S/16.42 per gallon. […]
Petroperú is seeking new lines of credit while it awaits full start-up of its Refinery
Petroperu reported the start of a series of actions to “ensure its financial sustainability and regain market confidence”, after the US rating agency Standard & Poor’s (S&P Global) cut its grade from BB to B+. For example, the oil company’s administration manages credit lines and a series of measures to alleviate its financial situation and […]
Awarding of lots VI and Z-69 will culminate at the end of 2025
The awarding of lots VI and Z-69 of Talara, in which private or state companies from another country may participate, will conclude towards the last quarter of 2025, according to Perupetro estimates. Meanwhile, Petroperú will temporarily operate the fields and will generate savings of more than US$160 million for the Peruvian State. In a joint […]
Petroperú will continue to manage the South West Natural Gas Concession until 2026
The Executive Branch, through the Ministry of Energy and Mines (Minem), commissioned Petroperu the provisional administration of the Concession of the Natural Gas Distribution System through the Pipeline Network of the South West Concession. This responsibility covers the operation and maintenance of said system, as well as the provision of the public natural gas distribution […]