Country Report

Iran upstream fiscal summary

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27 June 2016

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...

Table of contents

  • Executive summary
    • 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
    • Recent history of fiscal changes
    • Stability provisions

Tables and charts

This report includes 5 images and tables including:

  • Revenue flowchart – Iran Buy Back
  • Timeline
  • Timeline details
  • Bonuses, rentals and fees
  • Indirect taxes

What's included

This report contains:

  • Document

    Iran upstream fiscal summary

    PDF 401.22 KB