Economic Evaluation of Fiscal Regime of Buy-Back Contracts in Comparison with Production Sharing Contracts (Case Study: Azadegan Oil Field)
Roohollah Kohan Hoosh Nejad (),
Davood Manzoor () and
Masoud Amani ()
Additional contact information
Roohollah Kohan Hoosh Nejad: Faculty of Economics, University of Imam Sadiq (PBUH), Tehran, Iran.
Davood Manzoor: Faculty of Economics, University of Imam Sadiq (PBUH), Tehran, Iran.
Masoud Amani: Faculty of Law, University of Imam Sadiq (PBUH), Tehran, Iran.
Iranian Economic Review (IER), 2018, vol. 22, issue 2, 579-598
Abstract:
Fiscal regime is one of the main differences between petroleum contracts. Fiscal regimes in oil contracts are divided to two main categories namely Concessionary and Contractual Systems. In contractual systems, the main difference between service and production sharing contracts is the way of compensation of contractor services which could be in cash or in kind. In production sharing contracts the contractor receives a portion of produced oil. One of the main criteria to compare fiscal regimes is government and contractor takes in real values. Comparing the net present value of contractor take shows that it could have been more desirable and cost effective to use production sharing contract in Iranian Azadegan oil field instead of Buy-Back.
Keywords: Fiscal Regime; Buy-back; Production Sharing; Take; Iran. (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
ftp://80.66.179.253/eut/journl/20182-10.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eut:journl:v:22:y:2018:i:2:p:579
Access Statistics for this article
Iranian Economic Review (IER) is currently edited by Dr.Hossien Abbasinejad
More articles in Iranian Economic Review (IER) from Faculty of Economics,University of Tehran.Tehran,Iran Contact information at EDIRC.
Bibliographic data for series maintained by [z.rahimalipour] ().