Country Report
Turkey upstream fiscal summary
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Upstream licences in Turkey are awarded under concession terms. The system includes a royalty and corporate income tax. A flat-rate royalty is levied on both oil and gas. Companies can consolidate their upstream activities for income tax purposes. There are rentals and indirect taxes. Turkey has an open-door licensing policy, where companies can directly bid for open blocks. The national oil company has no mandatory participation rights in any licence.
Table of contents
- Basis
-
Licence terms
- Duration
- Relinquishment
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring fencing
- Rate
- Corporate income tax
- Ring fencing
- Base
- 4 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:
-
TimelineTimeline detailSplit of Barrel - oil
-
Split of barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore, shelf and deepwater, oil and gasMaximum government share - onshore, shelf and deepwater, oil and gasState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gasInvestor IRR versus Pre-Share IRR - oilInvestor IRR versus Pre-Share IRR - gas
- 4 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
Canada upstream in brief
Our view on the key events as they unfold, covering oil sands, unconventional plays, western Canada, Arctic, and offshore East Coast.
$700
Asset Report
Britannia
The giant Britannia gas and condensate field lies 210 kilometres northeast of Aberdeen. It is a major gas hub in the Central North Sea, ...
$3,720
Asset Report
Wisting
The Wisting project was postponed in late 2022 due to rising costs and concerns that it would struggle to be delivered on time and on budget
$3,720
