21st-century developments
During 2011, Petroperú 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, Petroperú took 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 was assumed with full responsibility in a key period for the state company, which commenced a modernization process that included the implementation of important activities to allow it to evolve, maintaining the leadership and sustainability of the business, with transparency, and social and environmental responsibility.[17]
In January 2021 it officially unveiled its new identity, the result of more than eight-years' work in a process that has resulted in a renewed version of the institution's image. With this change, Petroperú sought to position itself in the Peruvian fuel market with a sustainable and competitive projection.[18] In the same year, 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.[19]
An oil spill in 2022, at the 177 km mark on the North Peruvian Pipeline, resulted in oil slicks and subsequent contamination of rivers, and impacting fishing and food sources for Amazonian communities.[20][21] Indigenous environmental activist, Olivia Bisa Tirko, demanded that the state and Petroperú remedy the environmental damage and questioned the hiring of remediation companies due to their alleged history of non-compliance in the management of toxic waste.[22] In the Provincial Criminal Prosecutor's Office of Datem del Marañón – San Lorenzo, Petroperú filed, in 2022, four criminal complaints against Bisa Tirko for the alleged crimes of concealment, kidnapping, and endangering public safety; that were all dismissed in March 2023.[23] Bisa Tirko reported that she was the victim of threats, harassment, and psychological violence against her and her children, including via telephone calls and strangers visiting her home.[24]
