LIMA, March 26 (Reuters) - Peru's state-run oil company

Petroperu named Roger Arevalo as its new board

chairman after predecessor Edgar Zamalloa resigned just weeks

into the role, amid a deepening financial crisis and

restructuring.

The appointment comes as interim president Jose Balcazar

said earlier this week he is considering revoking a decree

allowing private participation in the company's reorganization.

This could potentially reverse plans the previous government

approved in late 2025.

-- Petroperu announced Arevalo's appointment late on

Wednesday in a regulatory filing after a board meeting held the

previous day.

-- Balcazar, appointed in February after the removal of Jose

Jeri, oversees the company as interim president.

-- Petroperu, burdened with massive debt, has received about

$5.2 billion directly or indirectly in government aid over the

past three years to sustain its operations.

-- The oil firm lost its investment grade rating in 2022,

with debts to bondholders and private banks tied to the

modernization of its Talara refinery.