Country Report

Iraq upstream fiscal summary

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Report summary

Technical Service Contracts (TSC) for discovered resource opportunities were introduced in late 2008 and are intended to be the basis for all future contracts covering field redevelopment and production in federal Iraq. Terms under the TSC are, for the most part, non-negotiable. Contractors receive cost recovery on a dollar for dollar basis and a remuneration (profit) fee. Contracts are competitively tendered with awards based upon on two biddable items - remuneration fee and plateau...

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    Iraq upstream fiscal summary

    PDF 341.37 KB

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Tables and charts

This report includes 6 images and tables including:

Tables

  • Timeline details
  • Current licence, equity and fiscal terms: Table 1
  • Current licence, equity and fiscal terms: Table 2
  • Current licence, equity and fiscal terms: Table 3

Images

  • Revenue flowchart: Iraq TSC
  • Timeline

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