Country report
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15 Pages

Kazakhstan upstream fiscal summary


Kazakhstan upstream fiscal summary

Report summary

Most contracts with foreign investors in Kazakhstan are currently governed by Concession (royalty/tax) terms.  Vehicles for Concession operations include Kazakh joint stock companies (JSC), limited liability companies and general or limited partnerships.  The latest model Concession terms took effect in January 2009.  Typically the State will have a minimum of 50% interest in offshore contracts; the state interest varies for onshore projects, and ranges from zero to 100%. Royalty (called...

What's included?

This report includes 1 file(s)

  • Kazakhstan upstream fiscal summary PDF - 395.80 KB 15 Pages, 13 Tables, 14 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Export duty
      • Rent tax on export
      • Additional petroleum taxes
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence
    • Investor IRR versus pre-share IRR - oil

In this report there are 27 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Kazakhstan Concession
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Oil MET rates
    • MET rates
    • Oil export customs duty
    • Oil export customs duty
    • Rent tax on export
    • Rent tax on export
    • Excess profit tax
    • Current licence, equity and fiscal terms: Table 6
    • Assumed terms by location - oil
    • Assumed terms by location - gas
  • Fiscal stability
    • Timeline
    • Timeline details
  • Economic analysis
    • Split of the barrel - oil
    • Economic analysis: Image 2
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Effective royalty rate - onshore/shelf, Oil
    • Effective royalty rate - onshore/shelf, Gas
    • Maximum government share – onshore/shelf, oil
    • Maximum government share – onshore/shelf, gas
    • State share versus pre-share IRR - oil
    • State share versus pre-share IRR - gas
    • Economic analysis: Image 7
    • Investor IRR versus pre-share IRR - gas
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