Country report
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8 Pages

Tajikistan upstream fiscal summary


Tajikistan upstream fiscal summary

Report summary

There is currently only one PSC in Tajikistan, which was signed by Tethys in June 2008.  As the Government is keen to attract foreign investment in the oil and gas sector, it is likely that all future contracts will be PSCs, with terms favourable to the foreign investors.  Aside from the PSC, taxation in Tajikistan is based on the rules and regulations under the Tax Code enacted on 1 January 2007, with latest amendments introduced in 2009.  Historically, a licence was issued and the...

What's included?

This report includes 1 file(s)

  • Tajikistan upstream fiscal summary PDF - 317.83 KB 8 Pages, 5 Tables, 10 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
      • PSC cost recovery
      • PSC profit sharing
      • 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 15 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Tajikistan PSC
  • Current licence, equity and fiscal terms
    • Indirect taxes
    • Assumed terms by location - oil
  • 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 , oil and gas
    • Maximum government share – onshore, oil and 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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