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 Aand 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

This report contains

  • Document

    Iran upstream fiscal summary

    PDF 401.22 KB

Table of contents

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

Tables and charts

This report includes 5 images and tables including:

Images

  • Revenue flowchart – Iran Buy Back
  • Timeline

Tables

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

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