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Second National Reconcilation Study EITI Peru - unofficial…

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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 />

According to the legal framework mentioned above, the resources from the Gas Canon are allotted<br />

to governments through indices of distribution that have been built by using information from the<br />

following official sources:<br />

<strong>National</strong> Institute of Statistics and Informatics (INEI)<br />

- Forecast of the estimated population for the years 2004 - 2007 the department, provincial<br />

and district.<br />

- Poverty indicator linked to unsatisfied basic needs (UBN) and infrastructure deficits at the<br />

department, province and district level.<br />

Ministry of Energy and Mines (MINEM)<br />

- List of companies that engage in natural gas exploitation under the contractual forms of<br />

License Contracts and Service Contracts.<br />

- Location at the district, provincial and department level in the concession areas.<br />

Based on the legal framework in effect and the information provided by the aforementioned official<br />

sources, DGDFAS - MEF (formerly DGAES – MEF) proceeds to calculate the distribution indices of<br />

the gas canon to the corresponding Local and Regional Governments.<br />

2.2.4 Exchange Rate<br />

The revenue and income that the State has perceived in foreign currency and which serves as the<br />

basis to calculate the corresponding gas canon are converted into national currency using the sales<br />

exchange rate that is published in the Superintendence of Banking and Insurance on the day that<br />

the corresponding gas transfer is made.<br />

2.2.5 Gas canon transfer<br />

Once the following have been quantified: (i) that amounts that will be distributed by <strong>Peru</strong>petro and<br />

DGDFAS - MEF (formerly DGAES – MEF) and (ii) the distribution indices have been set by<br />

DGDFAS - MEF (antes DGAES – MEF), the PCM will calculate the amounts to transfer to the<br />

corresponding districts, provinces and departments and informs DGTP – MEF so that it can make<br />

the corresponding transfers.<br />

Consultoría para la Comisión Multisectorial Permanente de la ITIE Perú<br />

65

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