Fiscal Systems for Oil : The Government "Take" and Competition for Exploration Investment
Resource information
Date of publication
August 2012
Resource Language
ISBN / Resource ID
oai:openknowledge.worldbank.org:10986/11671
Copyright details
CC BY 3.0 Unported
Exploration for petroleum occurs on the
basis of government-granted concessions, leases, or
contracts whose terms and conditions are established by law
or negotiated case by case. An important part of these
arrangements is the fiscal terms and conditions-bonuses,
rentals, royalties, and taxes. The author looks at fiscal
systems around the world and draws some conclusions about
how governments compete for exploration investment.
