PROINVERSIÓN: Petroperú formalizes key vehicle to channel international financing

This press release was published in English using an automatic translation system

ProInversión

The reorganization of Petroperú took a new step with the approval of the creation of Petroperú Invest S.A.C., a company that will function as the vehicle responsible for receiving and channeling resources from international private banking. Its formalization constitutes a milestone in the implementation of the financial architecture established for the state-owned company and will make it possible to move toward an orderly and traceable management of the resources aimed at strengthening its operational continuity.

The new company will make it possible to channel the first USD 500 million (mn) of international financing planned for Petroperú, within the framework of the financial scheme that is being implemented to strengthen working capital and meet the company’s operational needs. The incorporation of Petroperú Invest S.A.C. gives concrete form to one of the core components of this scheme and establishes the vehicle through which these resources will be managed.

Petroperú Invest S.A.C. was formalized by Petroperú’s Board of Directors as a result of the work carried out in coordination with PROINVERSIÓN, within the powers corresponding to each institution. The Agency participates in the implementation of the financial architecture and in the management of cash flows through the planned fiduciary mechanisms, while Petroperú, as the sole and initial shareholder of the vehicle, retains the corporate and operational responsibilities that correspond to it within the scheme. The new vehicle will make it possible to organize the receipt and allocation of resources, ensuring that these are used exclusively for the authorized purposes.

The funds will be aimed at strengthening Petroperú's working capital and the continuity of its operations, including needs related to the acquisition of crude and other inputs necessary for its refining activities. The scheme establishes a clear separation of these new resources from the company’s previous obligations, allowing specific monitoring of their use.

The corporate structure will operate in coordination with the trust structure contracted by Petroperú. Both tools will make it possible to establish a defined path for the receipt, management, and use of the funds, with control and traceability mechanisms that contribute to disciplined and transparent management vis-à-vis financial institutions and other stakeholders involved in the process.

In this framework, PROINVERSIÓN plays a technical role in financial governance by establishing the rules and conditions for the channeling and allocation of resources, in compliance with the provisions of Emergency Decree No. 003-2026. This work is carried out in a coordinated manner with Petroperú, within the framework of the responsibilities assigned to each entity, and contributes to strengthening the conditions of transparency and traceability required for the implementation of international financing.

The creation of Petroperú Invest S.A.C. constitutes one of the concrete milestones in the implementation of the new scheme for Petroperú’s equity and operational reorganization. The company will have Petroperú as its sole initial shareholder and will have a general management appointed by the board of directors of the state-owned company, which reaffirms its direct participation in the corporate management of the vehicle.