President peter castle met tonight with General Manager of Petroperu, Hugo Chavezin the midst of the crisis that the company is going through due to the downgrade of its long-term rating from BBB- to BB+, a step where the ‘junk bonds’ are located.
The time that Chávez went to the Government Palace coincided with the arrival of the contralor general, Nelson Shack, and the Megaproject Control Manager, Luis Robas. However, it is not known if they agreed on the appointment with the president, since the first two left at 9:00 p.m., while the manager of Petroperú left at 10:00 p.m., according to the record of visits from the Presidential Office.
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The crisis that Petroperú is going through is reflected in the disagreement that its owners have been having – the Ministry of Energy and Mines with 60% of the shareholder and the Ministry of Economy and Finance with 40% – over the administration and management of the state company.
This was evidenced when the company issued a statement on its official channels stating that both the board and management received the support of the shareholders. However, this was denied in another MEF statement, which indicated that neither Minister Graham nor Deputy Minister of Finance, Betty Sotelo, expressed this.
The situation that the state company is going through has generated uncertainty in its workers, who fear that the mismanagement of the administration will cause bankruptcy.
The Union of Administrative Workers of Petroperú has called a national strike for this March 21 and 22, in order to stop the reported abuse by the general management, led by Hugo Chávez Arévalo.
