Second National Reconcilation Study EITI Peru - unofficial…
Second National Reconcilation Study EITI Peru - unofficial… Second National Reconcilation Study EITI Peru - unofficial…
Consultoría para la Elaboración del Segundo Estudio Nacional de Conciliación de la Iniciativa de Transparencia para las Industrias Extractivas (ITIE) en el Perú (2008 – 2010) (continuación) (iii) In the case of Ucalyi, the distribution index has been determined according to indicators for 2.2.4 Exchange Rate population, basic unsatisfied needs and hydrocarbon production levels per circumscription. The revenues and income that the State has perceived in foreign currency and which serve as the basis to calculate the corresponding oil canon and sobrecanon are converted into national currency using the purchase exchange rate that is published by the Superintendence of Banking and Insurance on the day that the respective oil canon and sobrecanon transfer is made. 2.2.5 Canon and Sobrecanon Transfers Once Perupetro has calculated the distribution amounts and DGDFAS - MEF (antes DGAES – MEF) has determined the distribution indices, the Secretariat of Decentralization of the President’s Office of the Council of Ministers (PCM) calculates the amounts that will be transferred to the districts, provinces and corresponding departments and sends this information to the DGTP – MEF so that it can make the corresponding transfers to local and regional governments. Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú 58
Consultoría para la Elaboración del Segundo Estudio Nacional de Conciliación de la Iniciativa de Transparencia para las Industrias Extractivas (ITIE) en el Perú (2008 – 2010) (continuación) 2.3 Scheme of the process to collect the Oil Royalty and distribute the Oil Canon and 0 C o L L E C T I O n D I S T R I B U T I O N Sobrecanon Next, we provide a schematic chart of the process to collect oil royalties and distribute the Oil Canon and Sobrecanon described in this section. It provides details on the process’s components and organizes activities sequentially. Perupetro MEM Osinergmin Oil Canon S/. OIL ROYALTIES Oil Canon and Sobrecanon S/. Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú Public Treasury Local Governments Regional Governments Perupetro 59 PCM MEF
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Consultoría para la Elaboración del Segundo Estudio Nacional de<br />
Conciliación de la Iniciativa de Transparencia para las Industrias<br />
Extractivas (ITIE) en el Perú (2008 – 2010) (continuación)<br />
(iii) In the case of Ucalyi, the distribution index has been determined according to indicators for<br />
2.2.4 Exchange Rate<br />
population, basic unsatisfied needs and hydrocarbon production levels per circumscription.<br />
The revenues and income that the State has perceived in foreign currency and which serve as the<br />
basis to calculate the corresponding oil canon and sobrecanon are converted into national currency<br />
using the purchase exchange rate that is published by the Superintendence of Banking and<br />
Insurance on the day that the respective oil canon and sobrecanon transfer is made.<br />
2.2.5 Canon and Sobrecanon Transfers<br />
Once <strong>Peru</strong>petro has calculated the distribution amounts and DGDFAS - MEF (antes DGAES –<br />
MEF) has determined the distribution indices, the Secretariat of Decentralization of the President’s<br />
Office of the Council of Ministers (PCM) calculates the amounts that will be transferred to the<br />
districts, provinces and corresponding departments and sends this information to the DGTP – MEF<br />
so that it can make the corresponding transfers to local and regional governments.<br />
Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú<br />
58