Egypt upstream fiscal summary Report

Country Report 20 July 2023

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Report summary

Upstream licences in Egypt are awarded through licensing rounds under production sharing contract terms (PSCs). Within the PSC regime, signature bonus, production bonus, cost recovery ceiling, excess cost recovery share and contractor profit share are all biddable parameters. Royalty and income tax are paid by the state from its share of profits. The state does not have any equity participation within the PSC regime, but is able to exert significant control over the field developments through a 50% ownership in the joint venture operating company.

Basis
Licence terms
Government equity participation
Fiscal terms
- Bonuses, rentals and fees
- Indirect Taxes
- Royalty
- PSC production sharing
- Ring fencing
- PSC Cost Recovery
- Base
- Rate (cost recovery ceiling)
- 11 more item(s)...
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