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Peru Congress Pauses Repeal of Petroperú Decree and Calls New Hearings

The pause keeps the 2025 reorganization in place pending briefings from economic and energy officials.

Overview

  • The Energy and Mines Commission, which on Tuesday approved a 'cuestión previa' by 14 to 8, halted a vote to scrap Decree 010-2025 and set in-person hearings with MEF, ProInversión, Indecopi, Minem and Petroperú workers.
  • With the suspension, the emergency decree remains active and the executive-led reorganization of the state oil company proceeds.
  • The shelved draft bundled 13 bills to overturn the decree, restore a legal shield against private-promotion routes under Law 28244, and authorize up to S/240 million in 2026 to support operations.
  • Petroleum workers urged President José María Balcázar to grant a state guarantee so Petroperú can tap a planned US$2 billion private credit line to buy crude and keep the Talara refinery running.
  • Former board chief Roger Arévalo warned the refineries in Iquitos, Talara and Conchán face stoppages without about US$2 billion in new cash, as leadership turnover continued with Edmundo Lizarzaburu named board president.