Oil & Gas Technology Report
Taxation is a key determinant of value in the oil and gas industry
In the upstream sector, where most value is created in the industry, host governments often apply specific fiscal regimes to oil and gas production in order to capture a greater share of the economic rent deriving from the country’s natural resources. Governments looking to stimulate investment may also offer significant incentives in order to account for the risks of exploration.
In the midstream and downstream sectors, the fiscal regime is generally more closely aligned with the general corporate tax regime. However, specific elements may still be incorporated as a result of the economic and political importance of the energy sector.
GlobalData’s Taxation in Oil & Gas – Thematic Research report explores this in greater depth.
