Petroperú

Petróleos del Perú (Petroperú), is a Peruvian state-owned company and private law dedicated to the transportation, refining, distribution and commercialization of fuels and other petroleum petroleum products. This company belonging to the Peruvian State since 1969,[1][2] is considered among the main taxpayers to the treasury and currently employs more than 2,500 people. On the other hand, it makes important investments in education, health and other sustainable development projects throughout the Peruvian territory.[3] Among the current strategic objectives of the company are the supply of fuel to the entire Peruvian market, as well as financial sustainability and its operations, with a special emphasis on safety and care for the environment.[4]

Petróleos del Perú S.A.
Petroperú
TypeState company
IndustryOil and gas
GenreOil and gas
PredecessorEmpresa Petrolera Fiscal
FoundedJuly 24, 1969 (1969-07-24)
FounderJuan Francisco Velasco Alvarado
DefunctJuly 24 1969 (51)
HeadquartersAv. Enrique Canaval y Moreyra 150 Lima,
Lima
,
Peru
Area served
Worldwide
ProductsPetroleum products
Natural gas
Refining
Exploration
Extraction
Asphalts
LPG
Diesel
Gasoline
OwnerState of Peru
Websitewww.petroperu.com.pe

History

Background

On October 9, 1968, the government of Juan Velasco Alvarado ordered the seizure and expropriation of the facilities of The International Petroleum Company (IPC), a subsidiary of Standard Oil of New Jersey, in the Talara refinery; the same that was carried out by the forces of the First Military Region based in Piura, under the command of General Fermín Málaga. This fact has a great impact on the country and helps the government to consolidate itself in power. The date of October 9 is celebrated throughout the military government as the Day of National Dignity.[5][6]

Beginnings

Subsequently, Petroperú was created by law on July 24, 1969 by the same government of the then President of the Republic, General Juan Velasco Alvarado. As soon as the new oil company was created, whose first board of directors was chaired by General Marco Fernández-Baca Carrasco, it must face a new challenge that defines its profile: to operate and maintain almost the entire complex oil industry of the country with its own personnel and without the technical support from the international oil community, which refuses to collaborate because a process of nationalization by the Revolutionary Government had been launched in the country.[7][8]

The result confirms the capacity of Peruvian workers, technicians and professionals who manage to supply permanently - and in a sustained way - the national demand for fuels. Oil self-sufficiency is progressively achieved, thanks to the historic discoveries of the fields in the northern jungle and the construction of the North Peruvian Pipeline.[9][10][11][12][13][14][15][16][17][18]

Currently

During 2011, Petroperu participated in the construction of the Southern Pipeline, a project that aimed at improving the economic conditions in the south of the country. It also invested about 400 million dollars in the construction of the ethane pipeline that started in the city of Pisco, the same year.

In December 2020, the state oil company, at the special request of the Executive Branch, headed by President Francisco Sagasti, assumed the concession of the Natural Gas Distribution System by Pipeline Network of the South West Concession, for up to three years. This way, Petroperu takes over the administration of this temporary concession in order to guarantee the continuity of the provision of the public service of natural gas distribution through the pipeline network in the Arequipa, Moquegua and Tacna regions.

This assignment is assumed with full responsibility in a key period for the state company, which is in a modernization process that includes the implementation of important activities that allow it to evolve, maintaining the leadership and sustainability of the business, with transparency, and social and environmental responsibility.[19]

In January 2021 it officially unveiled its new identity, the result of more than eight years of work in a transformation process that has resulted in a renewed and much cleaner version of the institution's image. With this change, Petroperu seeks to position itself in the Peruvian fuel market with a sustainable and competitive projection.[20]

Also in 2021, it received authorization from the Executive Power to issue bonds worth up to $ 1 billion to finance the last phase of the modernization works of the Talara Refinery.[21]

Products

Capacity

Petroperu has a strategic importance in the provision of energy throughout the country. Its approximate refining capacity is 94,500 barrels per day (B/D), which represents 46% of Peru's total refining capacity. It is the owner of the Talara Refinery, the Conchán Refinery, the Iquitos Refinery, the El Milagro Refinery and the Pucallpa Refinery, five of the six refineries that exist throughout the national territory.[22] It is known that it only operates four of these five refineries since the Pucallpa refinery is leased to Maple Gas[23] and, on the other hand, the El Milagro Refinery has still been out of service since January 2015.

Derivatives

The company has the necessary coverage to meet the national demand because it has a presence throughout the country. It has the capacity to meet the requirements of foreign companies and is a strategic supplier to the Armed Forces and National Police of Peru.[24]

The fuels and derived products produced by Petroperu are:

Fuels
LPG
Gasoline Super Plus
Gasohol Super Plus
Biodiesel
Diesel Ultra
Industrial oils
Marine fuels
Aviation fuels

In addition to fuels, Petroperu also offers solvents, naphthenic acid and asphalts in its list of products.[25]

Projects

New Talara Refinery

The Talara Refinery Modernization Project is an engineering and construction megaproject that consists of the installation of new process units and facilities aimed at improving product quality, increasing the refinery's production capacity, and implementing more complex processes. and more advanced technology. The economic and environmental benefits are as follows:

  • Desulfurize fuels.
  • Improve the octane number of gasoline.
  • Process heavier crude oils.
  • Reduce the production of residuals.
  • Implement new facilities that the modernized refinery will require.
  • Produce cleaner fuels.[26][27][28][29][30][31][32][33][34][35][36]

Law for the execution of the New Talara Refinery Project - Law 30130

On December 17, 2013, then-President Ollanta Humala promulgated Law 30130, which declared the modernization of the Talara Refinery[37] to be of public necessity and national interest to ensure the preservation of air quality and public health. The law also indicates that measures be adopted to strengthen the Corporate Governance of Petroperu.[38][39][40][41]

Lot 64

The objective of the Project is to extract the crude oil reserves discovered in the Situche Central field, in Lot 64, located in the Loreto region.

The Project design foresees a modular execution scheme that facilitates the putting into production of the discovery wells (early production) and that allows the development of the deposit, in accordance with the confirmation of its productive potential:

  • Phase A: Putting Well SC-3X into production
  • Phase B: Putting Well SC-2X into production
  • Phase C: Comprehensive development of the Situche Central Field

Additionally, the project includes the drilling of an exploratory well to increase the hydrocarbon reserves in the lot.

The project was planned to be developed in accordance with the terms and conditions of the Joint Investment contract signed by Petroperu S.A. and Geopark Peru S.A.C. which included an initial participation of 25% and 75% respectively. However, in July 2020, Geopark Peru S.A.C. decided to abandon Lot 64.[42] Petroperu accepted the assignment of 75% of the additional participation, thus obtaining 100% of the rights and obligations as a contractor.[43][44][45][46][47][48][49][50][51][52][53]

Transportation of Heavy Crudes

Most of the oil to be transported through the North Peruvian Pipeline is classified as heavy crude (density below 20° API), so it is necessary to adapt this transportation system in order to transport said crude. The project has been called the Heavy Crude Transportation Project (PTCP).

The heavy crude from the lots located in the northern jungle of Peru will be transported by the North Branch of the ONP, from Andoas to Station 5 and from there to Bayóvar through Section II. Section I of the ONP (Station 1 - Station 5) will be used when the Perenco company transports its early production of 7 MBPD (July 2013) by river and delivers it to the ONP at Station 1 (San José de Saramuro), for its transfer to Bayovar.

ERP Modernization Project

The mission of this project is to provide Petroperú with an integrated, flexible and secure information system, based on the best practices of the hydrocarbon industry, which provides the organization with modern tools that allow it to plan its business resources, improve its competitiveness and meet the needs of its new markets and businesses. The areas in which ERP is being implemented are the following:

  • Finance
  • Commercial
  • Logistics
  • Maintenance
  • Refinement
  • Human Resources

Other refinery Projects

The company has a feasibility study prepared by the Spanish company Fluor, for a future modernization of the Iquitos Refinery. It has also formed a Task-Force team to formulate a medium-term project for the modernization of the Conchán Refinery, another of its refineries located south of Lima. It will also explore lot 192, in which it is looking for partners.[54][55][56][57][58][59][60][61][62]

Modernize Petroperu

In December 2013, at a press conference, the then head of the Ministry of Economy and Finance, Luis Miguel Castilla, pointed out that the modernization project for the Talara Refinery is part of “a much larger initiative” to modernize Petroperu.[63] "The approved bill, which will be sent to Congress for debate and approval, includes an administrative and business unit reorganization, which will ensure the financial reorganization and sustainability of the company's operations," he said. It also includes a very aggressive plan to "install good corporate governance practices," as the main oil companies in the world have. Also, the modernization plan includes a strategy to open the company's capital to private partners, up to 49%, and to be listed on the Stock Exchange, a target for the following months and years. "Another part of the company's share package within the 49% that will be offered on the stock market will be destined to a citizen participation program," he announced. Castilla emphasizes that the incorporation of private capital "is essential" to modernize and accelerate better management processes within the company.[64][65][66]

New infrastructure

For his part, the president of Petroperu in that period, Héctor Reyes Cruz, believes that the modernization includes building a new complex to put aside the current infrastructure of the Piura refinery.[63] “There are nine industrial plants, plus auxiliary plants, which add up to 15 new plants at the Talara refinery. The plants that are currently operating will be out of service”, he mentioned. Similarly, he stressed that the project is about "the new Talara refinery", which will remove the sulfur content from fuels to make them more friendly to the health and environment of Peruvians. The new refinery will produce high-octane gasoline, will be able to process heavier crude oils and the investment made will benefit the Piura region and the entire country. "This project generates flows that by themselves pay for the project in all its context and, furthermore, it is part of the modernization of Petróleos del Perú," he points out.[67][68][69][70][71][72][73]


Currently, Petroperú is close to completing the last phase of the Talara Refinery modernization project. For this last phase, it requires 700 million dollars, which will be obtained with the issuance of bonds worth up to 1 billion dollars. This is thanks to the fact that it received approval to issue them from the government. However, it is known that this debt issuance will not be endorsed by the Executive. Thanks to this new effort, the refinery, which is close to 93% under construction, is expected to expand its crude oil refining capacity from 65,000 to 95,000 barrels per day.[74]

Organization

The company is constituted as follows:[75]

  • Board
  • General Management
  • General Secretary
  • Institutional Control Body
  • Internal Audit and Risks
  • Administration and Finance Management
  • Management Planning and Management
  • Legal Management
  • Communications Department Management
  • Social Management Management
  • Environment, Safety and Occupational Health Management
  • People Management Management
  • Talara Refinery Management
  • Operations Management
  • Commercial Management
  • Supply Chain Management
  • Innovation, Development and New Business Management
  • Natural Gas Management

Chairmen of the Board
  • Marco Fernández Baca (1972-1975)
  • Máximo León-Velarde (1975-1976)
  • César Augusto Freitas (1976-1978)
  • Víctor López Mendoza (1978)
  • Julio Dávila Valeriano (1978-1980)
  • Víctor Montori Alfaro (1980-1982)
  • Juan F. Cassabone Rasselet (1982-1984)
  • Alfredo Zúñiga y Rivero (1984-1985)
  • Alfredo Carranza Guevara (1985-1986)
  • Jaysuño Abramovich Schwartzberg (1986-1989)
  • Daniel Núñez Castillo (1989-1990)
  • Jaime Quijandría Salmón (1990-1992)
  • Emilio Zúñiga Castillo (1993-1995)
  • Alberto Pandolfi Arbulú (1995-1996)
  • Armando Echeandía Luna (1996)
  • Jorge Kawamura Antich (1996-2000)
  • Alejandro Narváez Liceras (2003-2005)
  • Róger Arévalo Ramírez (2005-2006)
  • César Gutiérrez Peña (2006-2008)
  • Luis Rebolledo Soberón (2009-2011)
  • Humberto Campodónico Sánchez (2011-2012)
  • Héctor Reyes Cruz (2013-2014)
  • Pedro Touzzet Gianello (2014-2015)
  • Germán Velásquez (2015-2016)
  • Luis Eduardo García-Rosell Artola (2016-2018)
  • James Atkins Lerggios (2018-2019)
  • Carlos Paredes Lanatta (2019-2020)
  • Eduardo Alfredo Guevara Dodds (2020 to date)[76]

Social Responsibility

The role that Petroperu is playing is not restricted only to providing quality hydrocarbons to the national market. The state oil company also supports and contributes to the development of the country through programs and social activities that aim to improve the standard of living of more Peruvians.[77]

Since 2009, Petroperu has been developing lines of social action, which are directly linked to the populations surrounding its operations. These lines of social action are:

  • Educating for tomorrow
  • Making way
  • Culture for all
  • We are supportive
  • Knowing the industry
  • Caring for our community
  • Together for the environment
  • For a better quality of life
Logo used until December 2020
Logo in use since 2021

As part of its renewal process, Petroperu embarked on an identity change that took more than eight years. The company decided to replace the Huacal, a pre-Inca religious funerary mask, which was part of the previous isotype, with the letter P, an acronym for oil and Peru, which now becomes the new face of the company. The isotype is clad in the colors green, white, red and light blue that relate to and are inspired by the three assets of the company: extraction, transformation and distribution, at the same time it is also linked to its three pillars: sustainability, integrated quality and accessibility.[78] On the other hand, the new slogan of the state company is "Getting the best for Peru".[79]

Petroperu Building
Petroperu Building

The Petroperu Building is a building located in the San Isidro district, in the city of Lima. Created by the architects Walter Weberhofer and Daniel Arana Ríos, its design -made in 1969- follows an architectural style known as "Brutalism" and was inaugurated in 1973.[80]

Slogans
  • 1973-90s: Symbol of Peruvian Identity
  • 1990s: Improving Quality of Life[81]
  • 2010-2012: The Energy that Moves your World
  • 2014: Growing together with all Peruvians
  • 2014-2020: The energy that Moves Us
  • Currently: Getting the best for Peru[79]

See also

References
  1. Petróleos del Perú - Petroperú S.A.. Consultado el 27 de junio de 2018.
  2. Petroperú in push to maintain market share. Consultado el 30 de junio de 2018.
  3. "What do we do at Petroperú".
  4. "Strategic objectives - Petroperú".
  5. Petroperú en empresas top. Consultado el 7 de agosto de 2018.
  6. ¿Quiénes somos? Acerca de PetroperúConsultado el 15 de agosto de 2018.
  7. Petroperú en empresas top. Consultado el 7 de agosto de 2018.
  8. ¿Quiénes somos? Acerca de Petroperú Consultado el 15 de agosto de 2018.
  9. Petroperú: "La modernización del Oleoducto no se justifica económicamente". Consultado el 11 de julio de 2018.
  10. Petroperú busca socia para extender el Oleoducto en 1,000 kilómetros más. Consultado el 11 de julio de 2018.
  11. Petroperú evalúa extensión del Oleoducto Norperuano como parte de su modernización. Consultado el 12 de julio de 2018.
  12. Petroperú denuncia toma de estación del Oleoducto Norperuano en Loreto. Consultado el 16 de julio de 2018.
  13. Petroperú confirma fisura en Oleoducto Norperuano por crecida de río Pastaza. Consultado el 16 de julio de 2018.
  14. Petroperú evalúa extender Oleoducto Norperuano en 1,000 kilómetros. Consultado el 16 de julio de 2018.
  15. La refinacíon del Petroleo Consultado el 6 de agosto de 2018.
  16. Petroperú inicia modernización de Oleoducto Norperuano. Consultado el 7 de julio de 2018.
  17. Petroperú: "La ampliación del Oleoducto no sería financiada con recursos propios". Consultado el 10 de agosto de 2018.
  18. Petroperú aún no puede reparar Oleoducto Norperuano. Consultado el 20 de diciembre de 2018.
  19. https://www.petroperu.com.pe/petroperu-asume-concesion-de-gas-natural-en-el-sur-oeste-del-pais
  20. https://www.mercadonegro.pe/marketing/marcas/petroperu-se-viste-de-marca-con-el-lanzamiento-de-su-nueva-identidad/?fbclid=IwAR20m-mlDYAQzfzuWBn7yyPMj2JOfRKOnPb0OsBaSCnhWuQrtpFT0zpjekE
  21. https://gestion.pe/economia/petroperu-emitira-bonos-por-us-1000-millones-para-financiar-modernizacion-de-refineria-de-talara-nndc-noticia/?ref=gesr
  22. http://www.aai.com.pe/wp-content/uploads/2019/07/Petroper%C3%BA-Mar_19.pdf
  23. https://www.petroperu.com.pe/la-refineria-pucallpa-es-operada-por-petroleos-de-la-selva--maple-
  24. http://www.aai.com.pe/wp-content/uploads/2019/07/Petroper%C3%BA-Mar_19.pdf
  25. https://www.petroperu.com.pe/productos/combustibles/glp/
  26. Historia del petroleo en el Perú. Consultado el 24 de junio de 2018.
  27. El costo de la Refinería de Talara se encuentra dentro de la tendencia mundial. Consultado el 26 de junio de 2018.
  28. Petroperú adquiere sin transparencia US$ 130 millones en biodiésel. Consultado el 30 de junio de 2018.
  29. Piura: avance cercano al 70% de construcción de la nueva Refinería Talara. Consultado el 19 de julio de 2018.
  30. Refinería Talara, megaproyecto en medio de la tormenta. Consultado el 19 de julio de 2018
  31. Petroperú: “El error fue separar la Refinería de Talara en tres partes”. Consultado el 22 de julio de 2018.
  32. Petroperú hace público contrato de construcción de la nueva Refinería Talara Consultado el 22 de juluio de 2018.
  33. Petroperú: “La refinería es negocio así no haya crudo en el país”. Consultado el 12 de octubre de 2018.
  34. Avanza la modernización de la Refinería de Talara. Consultado el 13 de julio de 2018.
  35. Modernización de Refinería de Talara. Consultado el 13 de julio de 2018.
  36. Modernización Refinería de Talara: El gigante de Perú. Consultado el 13 de julio de 2018.
  37. Ley 30130 "Modernozacion de Petroperú. Consultado el 10 de agosto de 2018.
  38. Designan miembros de la Junta General de Accionistas de Petroperú S.A. en representación del Estado. Consultado el 2 de julio de 2018.
  39. Aprueban propuesta para modificar la Ley de Hidrocarburos en el país. Consultado el 3 de julio de 2018.
  40. Petroperú será socia de Volcan. Consultado el 10 de julio de 2018.
  41. Ecuador firma venta directa de crudo con Petroperú. Consultado el 10 de julio de 2018.
  42. https://www.petroperu.com.pe/productos/combustibles/glp/
  43. Petroperú lidera ranking de las 500 mayores empresas. Consultado el 7 de agosto de 2018.
  44. Petroperú definirá cómo modernizar el Oleoducto Consultado el 28 de junio de 2018.
  45. Petroperú denuncia toma de estación del Oleoducto Norperuano en Loreto. Consultado el 16 de julio de 2018.
  46. Petroperú fue líder de empresas nacionales que más facturaron en 2017. Consultado el 8 de julio de 2018.
  47. Petroperú evalúa asociarse con privados para ampliar el oleoducto. Consultado el 12 de julio de 2018.
  48. ¿Qué hacemos con Petroperú? [Opinión]. Consultado el 12 de julio de 2018.
  49. Oleoducto Consultado el 12 de julio de 2018.
  50. Talara: Por error en cálculo del impuesto predial de Petroperú, municipio de Talara perdería S/ 10 millones anuales. Consultado el 24 de julio de 2018.
  51. La comuna asegura haber detectado un presunto error de cálculo de impuestos. Consultado el 24 de julio de 2018.
  52. Petroperú asumirá Lote 192 en el 2019. Consultado el 12 de octubre de 2018.
  53. https://www.petroperu.com.pe/proyectos-y-unidades-operativas/proyectos/lote-64/
  54. Lote 192: Cepsa y Frontera Energy estarían interesados en asociarse con Petroperú. Consultado el 24 de junio de 2018.
  55. Petroperú : “Refinería de Talara tendrá tasa retorno interna de casi 7%”. Consultado el 27 de junio de 2018.
  56. Petroperú dice que no debe nada a la Municipalidad de Talara. Consultado el 28 de junio de 2018.
  57. Petroperú se reunió con comunidades de Andoas. Consultado el 19 de junio de 2018.
  58. Califican a Petroperú con el 100% del lote 192. Consultado el 3 de julio de 2018.
  59. PETROPERU se reunirá con representantes de la sociedad civil de Talara. Consultado el 8 de julio de 2018.
  60. Petroperú dio a conocer avances del PMRT y contratación de personal. Consultado el 9 de julio de 2018.
  61. Modernización: una realidad. Consultado el 17 de julio de 2018.
  62. Lote 192: Concurso público definirá nuevo socio de Petroperú. Consultado el 26 de julio de 2018.
  63. https://web.archive.org/web/20131208095854/http://www.andina.com.pe/Espanol/noticia-modernizacion-refineria-talara-se-hara-recursos-propios-petroperu-485766.aspx#.UqM3yfQz3ng
  64. Petroperú y el duopolio de las gasolineras. Consultado el 29 de junio de 2018.
  65. Petroperú recibe apoyo de Frontera Energy ante mancha oleosa en Pastaza. Consultado el 10 de julio de 2018.
  66. Petroperú: irregularidades en contratación de empresas que limpiaron derrames de petróleo. Consultado el 25 de julio de 2018.
  67. Petroperú bajó precios de combustibles hasta 2.9% por galón y GLP en 2% por kilo. Consultado el 28 de junio de 2018.
  68. PETROPERÚ INICIA ESTUDIOS PRELIMINARES PARA IMPULSAR EL POTENCIAL TURÍSTICO DE TALARA. Consultado el 2 de julio de 2018.
  69. Modernización de Refinería de Talara registra avance de 60.5%, dijo Petroperú. Consultado el 2 de julio de 2018.
  70. PETROPERÚ: MODERNIZACIÓN DE REFINERÍA TALARA AUMENTARÁ PRODUCCIÓN DE 65 000 A 95 000 BARRILES DIARIOS. Consultado el 2 de julio de 2018.
  71. Petroperú obtiene certificación en Sistema Integrado de Gestión Corporativa. Consultado el 26 de julio de 2018.
  72. Petroperú inició proyecto de modernización del Oleoducto Norperuano. Consultado el 8 de agosto de 2018.
  73. Petroperú bajó precios de combustibles hasta 1.5% por galón, según Opecu. Consultado el 28 de agosto de 2018.
  74. https://rpp.pe/economia/economia/petroperu-emitira-bonos-por-us-1000-millones-para-financiar-obras-en-la-refineria-de-talara-combustibles-petroleo-noticia-1316025?ref=rpp
  75. https://www.petroperu.com.pe/acerca-de-petroperu-s-a-/organizacion/
  76. https://www.petroperu.com.pe/designan-a-eduardo-guevara-dodds-como-presidente-del-directorio-de-petroperu
  77. "Main social programmes".
  78. https://www.mercadonegro.pe/marketing/marcas/petroperu-se-viste-de-marca-con-el-lanzamiento-de-su-nueva-identidad/?fbclid=IwAR20m-mlDYAQzfzuWBn7yyPMj2JOfRKOnPb0OsBaSCnhWuQrtpFT0zpjekE
  79. https://www.youtube.com/watch?v=cqKzxNKoe6A
  80. MEM plantea la venta de sede central de Petroperú. Consultado el 6 de agosto de 2018.
  81. https://www.youtube.com/watch?v=in7O4dJqKwA


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