The move opens key assets to private investment and comes as Petroperu faces mounting losses and debt.
The move opens key assets to private investment and comes as Petroperu faces mounting losses and debt.
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Peru’s government has approved an emergency decree allowing private investment in parts of the state-owned oil company Petroperu, as authorities move to stabilise a firm weighed down by mounting losses and debt.
President Jose Jeri announced the decision shortly before the beginning of the new year.
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