Country Report

Iran upstream fiscal summary

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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...

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  • Document

    Iran upstream fiscal summary

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Table of contents

Tables and charts

This report includes 5 images and tables including:

Tables

  • Timeline details
  • Bonuses, rentals and fees
  • Indirect taxes

Images

  • Revenue flowchart – Iran Buy Back
  • Timeline

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