Democratic Republic of Congo upstream fiscal summary
Concession-based fiscal regime. The state oil company, Cohydro, may take a 20% equity stake in the event of any commercial discovery. The contractor is liable for royalty, income tax and an additional profits tax. There are no bonuses, rentals or fees. Since 2006, a number of contracts have been signed under a Production Sharing Contract (PSC). All terms are negotiable and a standard PSC contract is outlined below. Due to the political situation in the Democratic Republic of Congo it...