Country report
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6 Pages

Iran upstream fiscal summary


Iran upstream fiscal summary

Report summary

Foreign companies can currently only invest in oil and gas projects through the medium of buy back contracts.  The framework of such contracts has remained essentially constant from the first award (Sirri A and E to Total in 1995) to the present day.  The Shell contract (for the Soroosh-Nowruz field development) was adopted by NIOC as the new model contract and the more recent Azadegan South contract was based upon this model. The fundamental conditions of the contracts stipulate that the...

What's included?

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  • Iran upstream fiscal summary PDF - 401.22 KB 6 Pages, 3 Tables, 2 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring Fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Cost recovery
      • Capital allowance
      • Profit share
      • Corporate income tax
      • Product Pricing
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions

In this report there are 5 tables or charts, including:

  • Executive summary
    • Revenue flowchart – Iran Buy Back
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
  • Fiscal stability
    • Timeline
    • Timeline details
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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