LatinNews Daily - 28 October 2022

* Peru’s deputy economy minister, Alex Contreras, has said that the government is planning a restructuring of the struggling state owned oil company Petroperú, which could see it opened up to private investors. This follows the announcement earlier this week that Petroperú will receive an emergency injection of PEN4bn (US$1bn) to guarantee the country’s fuel supply. Contreras said that “these resources are given within the framework of a reform and restructuring that is coming to Petroperú.” As part of this restructuring, he said that the company would hire an international consultant whose responsibilities would include deliberating a share float in the company. Contreras added that, without the emergency PEN4bn granted to Petroperú, “the impact for the country would have been very great”.

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