reported that the regions receiving the highest canon (payments for resource extraction) for hydrocarbons were Cusco (with a share of 68%), followed by Piura (16%) and Loreto (9%), between January and November 2024, according to data provided by the State-run Perupetro.
Thus, from January to November 2024, the contribution of oil and gas companies in the form of canon exceeded S/2.329 billion (over US$619 million), a 4.21% decrease compared to 2023.
In November 2024 alone, Cusco received more than S/149 million (over US$39 million, +6.5% compared to 2023). It was followed by Piura, with S/30 million (US$7.98 million, -18.3%), and Loreto, with S/18 million (US$4.79 million; +45%).
It should be noted that canon is the revenue generated by the exploitation of oil, natural gas, and condensates in the zones where natural resources are found.
About canon
The canon is an economic transfer granted by the central government to regional and local governments.
It is based on a percentage of the income generated by the exploitation of natural resources in their territory.
Its main objective is to promote sustainable development in the regions where these resources are generated.