Fiscal Systems for Hydrocarbons PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Fiscal Systems for Hydrocarbons PDF full book. Access full book title Fiscal Systems for Hydrocarbons by Silvana Tordo. Download full books in PDF and EPUB format.
Author: Silvana Tordo
Publisher: World Bank Publications
ISBN: 082137267X
Category : Technology & Engineering
Languages : en
Pages : 86
Get Book Here
Book Description
Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.
Author: Silvana Tordo
Publisher: World Bank Publications
ISBN: 082137267X
Category : Technology & Engineering
Languages : en
Pages : 86
Get Book Here
Book Description
Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498340067
Category : Business & Economics
Languages : en
Pages : 82
Get Book Here
Book Description
Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación
Author: Ms. Alpa Shah
Publisher: International Monetary Fund
ISBN: 1513599666
Category : Business & Economics
Languages : en
Pages : 36
Get Book Here
Book Description
Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.
Author: Daniel Johnston
Publisher:
ISBN:
Category : Oil and gas leases
Languages : en
Pages : 266
Get Book Here
Book Description
Author: Ms.Oana Luca
Publisher: International Monetary Fund
ISBN: 149838630X
Category : Business & Economics
Languages : en
Pages : 52
Get Book Here
Book Description
This manual introduces key concepts and methodology used by the Fiscal Affairs Department (FAD) in its fiscal analysis of resource industries (FARI) framework. Proper evaluation of fiscal regimes for extractive industries (EI) requires economic and financial analysis at the project level, and FARI is an analytical tool that allows such fiscal regime design and evaluation. The FARI framework has been primarily used in FAD’s advisory work on fiscal regime design: it supports calibration of fiscal parameters, sensitivity analysis, and international comparisons. In parallel to that, FARI has also evolved into a revenue forecasting tool, allowing IMF economists and government officials to estimate the composition and timing of expected revenue streams from the EI sector, analyze revenue management issues (including quantification of fiscal rules), and better integrate the EI sector in the country macroeconomic frameworks. Looking forward, the model presents a useful tool for revenue administration practitioners, allowing them to compare actual, realized revenues with model results in tax gap analysis.
Author: Frank Jahn
Publisher: Elsevier
ISBN: 0080551459
Category : Technology & Engineering
Languages : en
Pages : 397
Get Book Here
Book Description
This book on hydrocarbon exploration and production is the first volume in the series Developments in Petroleum Science. The chapters are: The Field Life Cycle, Exploration, Drilling Engineering, Safety and The Environment, Reservoir Description, Volumetric Estimation, Field Appraisal, Reservoir Dynamic Behaviour, Well Dynamic Behaviour, Surface Facilities, Production Operations and Maintenance, Project and Contract Management, Petroleum Economics, Managing the Producing Field, and Decommissioning.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1513514806
Category : Business & Economics
Languages : en
Pages : 154
Get Book Here
Book Description
This Technical Assistance report reviews South Africa’s tax system and also examines the fiscal regime with a view to generating a sustainable revenue contribution from mining and petroleum in future. Mining has historically been the mainstay of the South African economy. Mineral exports remain the principal contributor to foreign exchange earnings on the current account. South Africa is not yet a significant producer of crude oil or natural gas. Oil and gas exploration nevertheless shows promise. Taxation is far from top of the list in current challenges facing the development of extractive industries in South Africa. The national goal of economic and social transformation in favor of Historically Disadvantaged South Africans has major impact on the mining sector.
Author: Silvana Tordo
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
Get Book Here
Book Description
The paper aims to provide practical information to policy makers on the advantages and disadvantages of various practices used by petroleum producing countries to allocate exploration, development, and production rights.
Author: Tarek Al-Arbi Omar Ganat
Publisher: Springer Nature
ISBN: 3030452506
Category : Technology & Engineering
Languages : en
Pages : 101
Get Book Here
Book Description
This book presents detailed explanations of how to formulate field development plans for oil and gas discovery. The data and case studies provided here, obtained from the authors’ field experience in the oil and gas industry around the globe, offer a real-world context for the theories and procedures discussed. The book covers all aspects of field development plan processes, from reserve estimations to economic analyses. It shows readers in both the oil and gas industry and in academia how to prepare field development plans in a straightforward way, and with substantially less uncertainty.
Author: Ove T. Gudmestad
Publisher: WIT Press
ISBN: 1845644786
Category : Technology & Engineering
Languages : en
Pages : 289
Get Book Here
Book Description
"This book on the Petroleum Resources addresses the challenges of transforming hydrocarbons that exist in underground, to valuable products that can be sold and delivered. It is intended for readers who have a professional or student interest in the petroleum industry, and a basic level of prior knowledge in the technical and commercial aspects of the industry. The goal of the book is to increase the reader's general understanding of key work processes in the "upstream" part of the petroleum industry; that is, the part of the industry that locates underground resources and converts them to valuable products."
