Peruvian government issued an emergency decree allowing Petroperu to obtain up to $2 billion in private loans, including $500 million short‑term obligations.
Prime Minister Luis Arroyo assured no taxpayer money will be used, financing will come from international private banks.
A new Petroperu subsidiary will be set up with a trust managed by ProInversion, headed by Luis Del Carpio.
The measure aims to address Petroperu’s liquidity crisis and guarantee fuel supply.