Peru energy companies paid US$750 million in royalties to the government

RIO DE JANEIRO, BRAZIL – A total of US$749.8 million was paid to the Peruvian state by companies working in the hydrocarbon sector as royalties from January to September 2021, indicated the National Society of Mining, Petroleum, and Energy (SNMPE).

The mining-energy guild reported that this figure (US$749.8 million) represented a 130% growth compared to the US$325.6 million paid by oil companies for royalties in the same period last year.

Read also: Check out our coverage on Peru

In September, companies operating in the national hydrocarbons industry paid US$130.9 million in royalties, an increase of 196.5% over the same month in 2020. Likewise, last September’s royalties (US$130.9 million) were also higher than those reported in the same month of 2019 (US$62.5 million).

The mining-energy guild explained that, in September this year, companies in the hydrocarbon sector paid for royalties: US$63.2 million for natural gas exploitation and US$15.8 million for oil, as well as US$51.9 million for liquid natural gas production.

The SNMPE commented that the increase in royalties was favored by the rise in international oil and natural gas prices and the reactivation of the world and national economy. Of the resources generated by mining in the last ten years, some US$10,145 million have been transferred to the regions through mining canon and royalties.