The cabinet retains Arista and Mucho amid the crisis at Petro-Peru.

The recent announcement of the new cabinet of ministers has generated a series of reactions and analyses regarding the continuity of José Arista in the Ministry of Economy and Finance (MEF) and Rómulo Mucho in the Ministry of Energy and Mines (Minem). Despite expectations for changes, both ministers retain their positions, suggesting possible stability in decision-making related to Petro-Perú, one of the most important state-owned companies in the country, which is currently facing a significant financial crisis. The situation of Petro-Perú has become a hot topic on the political and economic agenda of the country. Recently, there had been speculation about the possibility that President Dina Boluarte would decide to replace the current board of the company, led by Oliver Stark, and reinstate Pedro Chira as president, with Óscar Vera as general manager. However, Mucho has indicated that, for the moment, no significant changes will be made in the company's leadership, prioritizing the viability of its operations. The context surrounding Petro-Perú is complex. The company's board has issued statements addressing the serious economic difficulties it faces, presenting options such as capital injection, declaring bankruptcy, or carrying out a deep restructuring that ensures credibility with stakeholders. This dilemma has put pressure on the government, as each option carries significant implications for the national economy and investor confidence. Clarity regarding the direction Petro-Perú will take seems to depend on the decisions made by Arista and Mucho in collaboration with Boluarte. Alfredo Thorne, former Minister of Economy, has pointed out that the continuity of both ministers could be interpreted as support for their ability to find solutions for the state-owned company. However, he emphasizes that this does not necessarily imply confirmation of the current board, suggesting that if the situation does not improve, the board could be changed. Erick García, former general director of Hydrocarbons at Minem, has highlighted that Stark's continued presence in his position could be a positive sign towards respecting the corporate governance of Petro-Perú. This could also encourage bondholders and other investors to maintain their confidence in the company. Nevertheless, García warns that this signal must be accompanied by a real restructuring, which could include the incorporation of a private manager to handle the internal decisions of the company. Meanwhile, Aurelio Ochoa Alencastre, former president of Perupetro, has described Petro-Perú's situation as "nebulous," suggesting that the president has not yet made a definitive decision regarding the future of the board. The urgency for a resolution is evident, as each passing day complicates the company's economic situation. Ochoa has called for prompt intervention from the Executive, considering that the crisis not only affects the company but has broader repercussions on the national economy. Expert analysis highlights the need for a strategic approach in managing Petro-Perú. The decisions made by Arista and Mucho will be crucial in determining not only the future of the company but also the economic direction of the country in an environment already complicated by various global crises. The uncertainty surrounding the state-owned company must be addressed urgently to avoid further deterioration of its financial situation. The business community and citizens expect the government to make firm and coherent decisions to resolve the crisis at Petro-Perú, a company that has been a pillar in the country's energy sector. The lack of clarity and the prolongation of uncertainty regarding its future could have negative consequences on both investor confidence and overall economic stability. The upcoming meeting of the Council of Ministers, scheduled for Wednesday, could be the decisive moment in which key decisions regarding the future of Petro-Perú are made. With attention focused on how this crisis will be addressed, it is clear that the continuity of Arista and Mucho could be both a sign of stability and an indication of the challenges that remain to be resolved. Managing this situation will not only determine the fate of Petro-Perú but also the economic direction of the country in the short and medium term.