The president of the Peruvian oil company Petroperú, Alejandro Narváez, presented the company’s balance sheet for the end of this year last week, with estimates of $223 million.

At the close of 2024, this figure stood at $774 million, “42.6 % less than the $1.022 billion loss in 2023.” Narváez stated in a presentation on Wednesday, July 16, that “as of October 2024, when he took office, losses of more than $1 billion were projected, which they were able to reduce by nearly $300 million in the final months of that year.”

Regarding 2025, the executive indicated that “the scenario is bleak and harsh.” He added that Petroperú’s revenue “fell from $5.581 billion in 2022 to $4.009 billion in 2023 and $3.527 billion in 2024, while the projection for 2025 is to earn $3.846 billion in 2025, progressively increasing to $6.130 billion in 2030.”

Narváez remains hopeful that the state-owned oil company will begin reporting positive results starting in 2026, with an emphasis on “fuel exports to neighboring countries, whose clients already include Brazil, Bolivia, and Ecuador, and he hopes to do the same with Colombia.”

M.Pino

Source: elperiodicodelaenergia

(Reference image source: Yashowardhan Singh on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Petroperú projects to close 2025 with losses of $223 million apareció primero en Bitfinance.