The Fiscal Regimes, tax rates and other levies on hydrocarbons vary greatly between countries. In many cases they vary widely even on a state by state basis or even on specific assets. Other times certain assets will have a fiscal regime or a production sharing agreement (PSC) at lower levels due to historic reasons, while those assets which are the result of more recent licensing rounds are likely to be on a far less generous offering from the government. Evaluate Energy tracks and aggregates the Fiscal Regimes and oil and gas fiscal models of countries worldwide, below is a cut down example of the type of information offered. Full subscribers have full access to all the data at no extra cost.
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| Azerbaijan | Production Sharing Contract | The country’s tax regime consists of a combination of production sharing agreements (PSAs) and host Government agreements (HGAs), the terms of which have been individually negotiated. A draft law on the fiscal regime has been presented to the Azeri parliament but has not been ratified and it is unknown when it will be. At any rate, the new law would not apply to existing PSAs or HGAs. All exploration and production activities are based on PSAs and are managed by SOCAR while oil and gas pipelines (Baku-Tiblisi-Ceyhan) and the South Caucasus Pipeline are governed by HGAs. |
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