Table of Contents
TABLE OF CONTENTS
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Introduction 5
2.1 Global Markets Direct
Report Coverage 5
2.2 What Is This Report About? 5
2.3 How To Use This
Report 5
3 Azerbaijan Petroleum Fiscal Environment 6
3.1 Governing Law
6
3.2 Licensing Authority 6
3.3 National Oil Company 6
3.4
Contract Type 6
3.5 State Participation 6
4 License terms 7
4.1
Exploration 7
4.1.1 Type of Right 7
4.1.2 Area 7
4.1.3 Duration
7
4.1.4 Exploration obligation 7
4.2 Production 7
4.2.1 Type of
Right 7
4.2.2 Area 7
4.2.3 Duration 7
5 Key Fiscal Terms 8
5.1
Royalty 8
5.2 Bonuses 8
5.3 Rentals 8
5.4 Fees 8
5.5 Cost
Recovery 8
5.6 Profit Sharing 8
5.7 Profit Tax 9
5.8 Deductions
and Depreciation 9
5.9 Withholding Tax 9
5.10 Domestic Market
Obligation 9
6 sample cashflows calculations 10
7 APPENDIX 11
7.1
Methodology 11
7.2 Definitions 11
7.2.1 Units of Measure 11
7.2.2
Definition 11
7.3 Contact Us 12
7.4 About Global Markets Direct 12
7.5 Disclaimer 12
1.1 List of Tables
Table 1:
Azerbaijan, Crude Oil and Natural Gas, Profit Oil/Gas, 2007 9
1.2
List of Figures
Figure 1: Azerbaijan, Upstream Oil & Gas Fiscal Regime
(PSA), Sample Cashflows, 2005-2016 10
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