Country report

Turkey upstream fiscal summary

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Report summary

Simple Concession fiscal regime with only royalty and corporate income tax payable. The royalty is payable on production and the standard rate of Corporate Income Tax applies to profits. Indirect taxation also applies such that total Government take shall not exceed 40%. The barrel = lifetime revenue / field reserves. Profit = revenue costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie

What's included

This report contains

  • Document

    Turkey upstream fiscal summary

    PDF 320.83 KB

Table of contents

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

Tables and charts

This report includes 15 images and tables including:

Images

  • Revenue flowchart: Turkey Concession
  • Timeline
  • Split of Barrel - oil
  • Split of barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • State share versus Pre-Share IRR - oil
  • State share versus Pre-Share IRR - gas
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas

Tables

  • Timeline detail
  • Effective royalty rate - onshore, shelf and deepwater, oil and gas
  • Maximum government share - onshore, shelf and deepwater, oil and gas
  • Indirect taxes
  • Assumed terms by location - oil and gas

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