PETROPERÚ signs contract to audit its 2023 financial statements

PETROPERÚ and the audit firm Gaveglio, Aparicio y Asociados Sociedad Civil de Responsabilidad Limitada – Price Waterhouse Coopers (PwC) participated in the signing of the government financial audit contract for the start of the audit corresponding to the accounting year 2023.

In this regard, PETROPERÚ committed to provide the information required for the audit company to complete the external audit work within the established deadlines, which will contribute to strengthening trust with the company's different stakeholders.

This operation advances in parallel to the progress of the financial recovery of the company, thanks to the full operation of the New Talara Refinery (NRT), which will contribute to the sustainability of the state oil company, taking into account that its profit margins are substantially higher than those of the previous plant. This will improve the company's commercial offer to the fuel market with more competitive prices.

Along the same lines, the temporary operation of lots I, VI and Z-69 by PETROPERÚ does not stop, registering an estimated production of 7,200 barrels of crude per day, which are received by the company at more efficient prices, generating significant savings and supplying the NRT.

PETROPERÚ approved new provisions on austerity, discipline and quality in spending, as well as personnel income for this year, in order to promote competitiveness, productivity and efficiency in the execution of spending, without affecting the fulfillment of its strategic objectives.

Restructuring Plan

Simultaneously, this 2024 continues with the PETROPERÚ Restructuring Plan, which has one objective: to ensure financial sustainability and strengthen the company's governance.

As part of this restructuring plan, the new General Manager and the Commercial Manager have been appointed, both selected by specialised companies, under meritocratic criteria. Gradually, other members of the management staff will continue to be selected, as well as the members of the corresponding Board of Directors, who will also have a gender quota, on the basis of their renewed bylaws.  

All these actions are part of PETROPERÚ's Restructuring Plan, established in DU 022-2023, which seeks to make the company self-sustainable again. Moreover, according to all projections, the financial situation will improve, estimating a positive EBITDA this year.