Fiscal Regime in Petroleum Licensed Contracts

Fiscal regimes in petroleum licensed contracts are defined as the tools through which return on oil wealth fellow into state treasury, it includes several forms according to type of contract, so, most common fiscal are: royalty, taxes, profit or rents. This work makes a comparison between types investment agreements and difference them share contractor share. The main these concessionary contractual last include two types: production sharing service agreements. However, Algerian, Syrian, Iranian & Iraq will be examined example for each respectively, study relies items regime resource revenues flow public treasury well company that holds concession. Therefore, model has been conducted above show flows country contract taxes others. demonstrated vary revenue ratios depending sale price cost extraction. Finally, we can clearly infer both is affected by circumstances high slight sensitivity, There no particular considered best, preference depends special countries, example, Iraqi situation difficult use concession considerations, including constitutional, where Constitution Republic specified ownership people's this property cannot relinquished investing companies so rest but hybridized some systems obtain financial instruments achieve best choice parties (state IOCs).