Country Report
Albania upstream fiscal summary
Report summary
Upstream licences in Albania are awarded through licensing rounds under production sharing contract terms (PSCs). The model used in this analysis includes the latest PSC terms on offer in licensing rounds for each respective environment. The model includes both royalty and income tax. The cost recovery ceiling and contractor profit share are biddable parameters. The state does not have any equity participation.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC cost recovery
- PSC profit sharing
- Corporate income tax
- Fiscal treatment of decommissioning
- Product pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 22 images and tables including:
- Timeline
- Timeline detail
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate - onshore, oil and gas
- Effective royalty rate - shelf and deepwater, oil and gas
- Maximum government share - onshore, oil and gas
- Maximum government share - shelf and deepwater, oil and gas
- State share versus Pre-Share IRR - oil
- State share versus Pre-Share IRR - gas
- Investor IRR versus Pre-Share IRR - oil
- Investor IRR versus Pre-Share IRR - gas
- Bonuses, rentals and fees
- Indirect taxes
- Incremental Royalty rates - onshore
- Incremental Royalty rates
- Cost recovery ceiling rates
- Profit sharing
- Assumed terms: Profit split
- Assumed terms by location - oil and gas
What's included
This report contains:
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