Country report

Uzbekistan upstream fiscal summary



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Report summary

Most foreign companies operating in Uzbekistan do under the terms of a Production Sharing Contract (PSC). The terms for PSCs remain negotiable items on a case by case basis. For a new gas discovery negotiations would be undertaken with the government to agree on terms under which such a discovery would be developed. Standard PSC terms are relatively straightforward with profit oil splits on a sliding scale based upon internal rates of return (IRRs). The State will normally take a...

What's included

This report contains

  • Document

    Uzbekistan upstream fiscal summary

    PDF 355.53 KB

Table of contents

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

Tables and charts

This report includes 21 images and tables including:


  • Revenue flowchart: Uzbekistan PSC
  • Timeline
  • Split of the barrel - oil
  • Economic analysis: Image 2
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • 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
  • PSC profit sharing


  • Timeline details
  • Effective royalty rate - onshore , oil
  • Effective royalty rate - onshore , gas
  • Maximum government share – onshore, oil
  • Maximum government share – onshore, gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • PSC profit sharing
  • Assumed terms by location - oil
  • Assumed terms by location - Gas

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