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...

What's included

This report contains

  • Document

    Iraq upstream fiscal summary

    PDF 342.23 KB

Table of contents

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

Tables and charts

This report includes 7 images and tables including:

Images

  • Revenue flowchart: Iraq TSC
  • Timeline

Tables

  • Timeline details
  • Bonuses, rentals and fees
  • Indirect taxes
  • Assumed terms by location - oil
  • Remuneration fee

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