Country Report

Western Sahara upstream fiscal summary

04 July 2018

Get this report

$1,650

You can pay by card or invoice

Share link

Contact us

Submit your details to receive further information about this report.

First name
Last name
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.

- FAQs about online orders
- Find out more about subscriptions

04 July 2018

Western Sahara upstream fiscal summary

Report summary

Production sharing Contract (PSC)-based fiscal regime. Signature bonuses, cost recovery ceiling and profit sharing (linked to the contractor's rate of return (IRR)) are all negotiable, while royalty rates are fixed by government. The contractors liability for income tax is paid by the state. Since the withdrawal of the Spanish colonial government in 1976 Morocco has governed Western Sahara. SADR claims that it has never been a part of the Kingdom of Morocco. Despite growing...

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
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