Country Report

Ethiopia upstream fiscal summary

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Frontier petroleum exploration province with a relatively simple Production Sharing Contract (PSC) fiscal regime. Companies may negotiate licences directly with the ministry. Royalty rates and profit oil splits are linked to production rates, while cost recovery ceilings are negotiable. The Government has option to participate in any development phases up to a maximum of 15%, and would be carried through the development phase with repayment from the Government's share of profit oil/gas.

Table of contents

  • Basis
  • Licence terms
  • Government equity participation
    • Ring fencing
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • PSC cost recovery
    • PSC profit sharing
    • Corporate income tax
    • Product pricing
    • 1 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

Tables and charts

This report includes the following images and tables:

    TimelineTimeline detailsSplit of the barrel - oil
    Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore, oilEffective royalty rate - onshore, gasMaximum government share - onshore, oilMaximum government share - onshore, gasState share versus Pre-Share IRR – oilState share versus Pre-Share IRR - gas
  • 11 more item(s)...

What's included

This report contains:

  • Document

    Ethiopia upstream fiscal summary

    PDF 975.01 KB