Country Report
Syria upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Companies operating in Syria generally do so under the terms of a Production Sharing Contract (PSC), first introduced in 1985, although Service Contracts also exist. In the event of a commercial discovery, a joint venture operating company, owned 50% by state oil company SPC and 50% by the contractor, is established. The contractor retains 100% equity in the contract and funds all exploration, capital and operating costs. Royalty rates are fixed for oil and gas, at 12.5%. Cost...
Table of contents
- Basis
- Licence Terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC production sharing
- Ring fencing
- PSC cost recovery
- Base
- Rate (cost recovery ceiling)
- 10 more item(s)...
- Recent history of fiscal changes
- Stability Provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes the following images and tables:
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TimelineTimeline detailsSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate and minimum state share - oilEffective royalty rate and minimum state share - gasMaximum government share – oilMaximum government share – gasState share versus pre-share IRR - oilState share versus pre-share IRR - gas
- 10 more item(s)...
What's included
This report contains:
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