According to SNMPE, the shortage of fuel indicates a serious crisis in the hydrocarbon industry.

The lack of fuel supplies reported by taps across the country is indicative of a severe crisis facing Peru’s oil and gas industry, says the National Society for Mining, Petroleum and Energy (SNMPE).

In a statement, the union indicated that there is currently a drop in the level of investment and production Oilwhich does not exceed 40 thousand barrels per day.

“Recovery of the hydrocarbon sector is a priority and clear and urgent action is needed to enable this industry to recover,” SNMPE said.

Faced with this situation, they emphasize the importance of attracting new investments for the exploration and exploitation of hydrocarbons to meet the demand for fuel.

“Seriously, for more than a year the situation with the expiring terms of seven contracts in the North-West has not been determined, a tender has been announced since the beginning of 2022, but so far the base has not been published. should provide for provisions that will imply a reduction in investment, activities, and at the same time there will be negative consequences for the economy of this important oil region,” they argue.

The trade union notes that one of the problems is the lack of appointment of key bodies of the national fuel industry.

“For more than 10 months, the presidency of PERUPETRO, the sector promotion agency, has been without a leader; and the Vice Minister of Hydrocarbons and the General Directorate of Hydrocarbons MINEM have been recommissioned, which has a negative impact on decision making and planning for the present and future of the hydrocarbon sector. hydrocarbons Peruvian,” they said.

Contribution to Petroperú should not be carte blanche

SNMPE added that the government’s S$4bn contribution to Petroperú will allow the country’s fuel supply to be restored, but should not mean carte blanche for the administration of said state-owned company.

“Must be guaranteed transparency and good governance for Petroper, and that his administration is professional and free from political pressure,” they noted.

The trade union believes that the restructuring of the state-owned company should be a priority in order to give it administrative and financial stability, which will allow it to fulfill its economic obligations at the expense of its own resources.