The president of the National Confederation of Private Business Institutions (Confiep), Alfonso Bustamante, expressed his disagreement with the possibility of the Executive granting a in favor of which is still being evaluated by the Council of Ministers.

In an interview with RPP Noticias, Bustamante criticized that the current government of Dina Boluarte have a vocation for “re-nationalize oil in Peru.”

“It is inexplicable that the expired oil lots that were already concessioned, which have had billions of dollars of investment in exploration, are transferred to Petro-Perú, to help them with the cash. The signal is very bad, we are going to skim what there is, to deliver the money to Petro-Perú. Reserves are obviously going to decrease”said.

“The vocation that this government has to nationalize oil in Peru again is inexplicable”he pointed out.

READ ALSO | “Petro-Perú resigned from being part of the SNMPE”

Bustamante also questioned whether the Executive had whose members are not known, and criticized the current Minister of Energy and Mines, who is also an official of Petro-Perú.

“It is incredible that a commission that we do not know what it is is appointed to decide whether or not to give that money. With a private company that resorts to repeated capital increases and guarantees from its shareholders, the only thing that is going to happen is that the market is going to penalize it. In the case of state companies, the administration acts arrogantly by saying, once again I am going to raise my budget from you, and I am going to ask you for US$2.5 billion again,” said.

“What we have to do is make this company autonomous, finance it in the capital market, assuming the discounts it has to assume, so that the market regulates it, otherwise we are throwing money into a cesspool. . I think that the Minister of Energy and Mines is too committed to the company, he is not a valid agent to establish this because we know that he is a Petroperú official and he is going to continue supporting the company until the last consequences “he added.

In the midst of the controversy over the possible granting of a new financial bailout to the National Society of Mining, Petroleum and Energy () announced that the state oil company is no longer part of the mining-energy union.

This, due to their repeated refusal to make their information transparent, especially, the restructuring plan developed by Arthur D. Littlewhich “They didn’t want to give it to us“, he revealed to El Comercio, Victor Gobitz, president of the SNMPE.



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