Country Report

Uzbekistan upstream fiscal summary

04 July 2018

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

First name
Last name
Job Title
Company
Email
Telephone

Region

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

For details on how your data is used and stored, see our Privacy Notice.

- Available as part of a subscription
- FAQ's about online orders

04 July 2018

Uzbekistan upstream fiscal summary

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...

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