Country report

Greece upstream fiscal summary

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Report summary

Simple Concession fiscal regime with royalty and corporate income tax. Royalty rates vary with project profitability. The government is currently carrying out a fiscal reform programme to encourage investment in the country. As a result the corporate income tax rate will decrease annually until it reaches 20% in 2014. Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue costs from barrel charts. For further details see New Investment:...

What's included

This report contains

  • Document

    Greece upstream fiscal summary

    PDF 383.58 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 18 images and tables including:

Images

  • Revenue flowchart: Greece concession
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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
  • Royalty rate

Tables

  • Timeline details
  • Effective royalty rate and minimum state share
  • Maximum government share and maximum state share
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Assumed terms by location - oil

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