The future of the North Peruvian Pipeline, this is what Petroperú says about this critical asset.

The future of the Norperuano Oil Pipeline, this is what Petroperú says about this critical asset In a recent exclusive interview with the Chairman of the Board of Petroperú, Oliver Stark, a crucial topic for the Peruvian State was addressed: the Norperuano Oil Pipeline. During the conversation with the newspaper Gestión, Stark provided detailed information about the ideas and strategies that the state-owned company is considering for this critical asset. One of the proposals that has emerged within the framework of the restructuring actions being proposed by Petroperú's board of directors is the possibility of abandoning operations that are not profitable for the company, such as the Norperuano Oil Pipeline. In response to this, Stark mentioned the idea of ​​creating two separate business units, splitting the pipeline, and pointed out that the key for oil to return to the pipeline lies in solving the security problems currently facing the infrastructure. Security is presented as a fundamental element in this scenario, as, according to Stark, although there are oil operations in the jungle and there is a resurgence in oil production, ensuring security is essential. Only by addressing this aspect can the problems affecting the Norperuano Oil Pipeline be solved. Regarding the sustainability of keeping the pipeline under Petroperú's administration, Stark emphasized the importance of time and the need to act swiftly. He noted that the company cannot continue to bear the costs derived from sabotage repairs and that it is necessary to delegate the security issue to those responsible, suggesting the possibility of returning the pipeline concession to the Ministry of Energy and Mines. In this regard, the Chairman of the Board of Petroperú emphasized the relevance of the Norperuano Oil Pipeline as a vital asset for the State, highlighting its good condition and its importance for oil transportation in the region. However, he pointed out that currently the infrastructure is not operating at its maximum capacity, which results in significant losses for the company. Faced with the problem of sabotage and the need to provide security for the pipeline, Stark proposed the possibility of involving the Ministry of Defense in protecting the infrastructure. He suggested the creation of military bases along the pipeline that not only ensure security but also provide services to local communities, thus contributing to the development of the area. In terms of profitability, Stark mentioned that in order for crude oil transportation through the pipeline to be viable, a flow of at least 30,000 barrels per day is needed. Currently, the annual losses associated with the Norperuano Oil Pipeline range between US$ 80 and 100 million, mostly due to sabotage and operational costs. Ultimately, the Chairman of the Board of Petroperú raised the possibility of interconnecting the Norperuano Oil Pipeline with Ecuador's oil pipeline system, which would allow for a greater flow of crude oil and a reduction in costs for the state-owned company. However, he stressed that all this will only be possible if security in the infrastructure is guaranteed and the State's presence in the management of the pipeline is ensured. In conclusion, the future of the Norperuano Oil Pipeline poses a crucial challenge for both Petroperú and the Peruvian State as a whole. The need to address security issues, optimize the operation of the infrastructure, and seek alternatives for its profitability stand out as the main priorities regarding this critical asset that plays a fundamental role in oil transportation in the region.