Fiscal Systems for Oil : The Government "Take" and Competition for Exploration Investment
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 cond...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1995/05/441653/fiscal-systems-oil-government-take-competition-exploration-investment http://hdl.handle.net/10986/11671 |
| Summary: | 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. |
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