Country Report

Argentina upstream fiscal summary

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29 June 2018

Argentina upstream fiscal summary

Report summary

Concession-based fiscal regime, within which a key feature is a significant oil export duty – levied on gross export revenues, at a rate varying from 25%, linked to international oil prices, with the intention of restricting export revenue earned to a maximum of US$70/bbl.  Royalty, corporate income tax and a provincial sales tax are also payable. Challenges remain, and the government continues to demonstrate a degree of hostility to upstream investors. In February 2012, it announced the...

Table of contents

  • Executive summary
    • Licence terms
    • Government equity participation
    • Fiscal terms
    • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Export duty
      • Royalty
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
    • Recent history of fiscal changes
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 16 images and tables including:

  • Revenue flowchart: Argentina Concession
  • 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, shelf and deepwater, oil and gas
  • Maximum government share – onshore, 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
  • Assumed terms by location

What's included

This report contains:

  • Document

    Argentina upstream fiscal summary

    PDF 288.62 KB