Assessment of Upstream Petroleum Fiscal Regimes in Myanmar

Swe, Wint Thiri; Emodi, Nnaemeka Vincent

doi:10.3390/jrfm11040085

Cited by 12 publications

(5 citation statements)

References 23 publications

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“…Government take for Canada, the United States, and Australia are 58.36%, 72.74%, and 43.92% respectively, and their royalties are 27.5, 20%, and 6.25% respectively; while tax rates are 15%, 35%, and 30% (Phillips, 2008). Literature has shown that Australian petroleum fiscal policy is more attractive (Kraal, 2017;Swe and Emodi, 2018). Australia allows for accelerated depreciation, immediate write off of exploration expenditure, research and development (R&D) incentive, and expenditure uplift.…”

Section: Fiscal Regime Elementsmentioning

confidence: 99%

Impact of Production Sharing Contract Price Sliding Royalty: The Case of Nigeria’s Deepwater Operation

Okoro

Okoye²,

Okafor³

et al. 2021

IJEEP

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Petroleum fiscal regime has been a controversial issue in Nigerian economy. The basic issue is which regime will lead to the greatest benefit to the government without negatively affecting the performance of the international oil companies. Nigeria has in the past used different regime and had adopted the current price sliding royalty regime in 1996. The aim of this study is to examine how the new price sliding royalty affects the stake of government and contractors. This study adopts ex-post research design approach using data from various sources between 1980 and 2019. The autoregressive distributed lag (ARDL) regression approach was adopted for the data analysis. The unit root results reveal that the time series data consists of a mix of I(1) and I(0) variables. The ARDL bound cointegration test shows that all the variables specified in the models have long run relationship. Estimates from the models indicate that the royalty regime in the Deep Offshore and Inland Basin Production Sharing Contract has positive and significant impact on the stake of government in the long and short runs, but negative impact on the stake of contractors. Furthermore, the royalty regime has negative impact on contractors' performance in the long run. However, the impact on the three fiscal indicators (oil revenue, government expenditure, and deficit-GDP ratio) is positive. The study therefore recommends the repeal of the Nigerian petroleum fiscal policy with the new price sliding royalty to encourage investment and development of the petroleum sector.

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Section: Fiscal Regime Elementsmentioning

confidence: 99%

Impact of Production Sharing Contract Price Sliding Royalty: The Case of Nigeria’s Deepwater Operation

Okoro

Okoye²,

Okafor³

et al. 2021

IJEEP

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show abstract

“…One of the most important aspect of petroleum tax system is the government take (Swe and Emodi, 2018). It is defined as the "proportion of the host nation's income from investment project to the total project revenue within the valid period of the contract" (Luo and Yan, 2010:758).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Balancing the Interests of Parties in Contractual Relationship: How Fair Is the Nigerian Petroleum Tax System to the State and the Oil Majors?

Kyari

2020

IJEEP

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Securing a fair share of oil wealth to the host government at the same time providing adequate incentives to the oil majors are two objectives that underpin the design of a fair petroleum tax system. These objectives are competing rather than complementing and thus the need for compromise by both the government and the oil majors to achieve fair contractual relationship. This study investigates whether the Nigerian petroleum tax system has fairly captured the interests of both the government and the oil majors. Guided by the economic rent theory, the study revealed, among others, that the tax system was fair in securing the government its fair share of oil wealth. Similarly, the tax incentives to the oil majors were adequate in positively influencing their investment decisions. The study concludes that the Nigerian petroleum tax has fairly captured the interests of both the government and that of the oil majors.

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“…Financial term in fossil sector draws investors, ensuring fair economic performance and cost balance (Mardiana et al, 2019;Yun et al, 2020). This includes oil and gas exploration, production, and distribution laws, terms, and taxes (Swe & Emodi, 2018;Ghosh et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Fiscal Moderating Effect for Sustaining the Upstream Petroleum Field Economics and Profitability: Inventory and Purchasing Performance

Firera,

Solimun,

Al Musadieq

et al. 2023

J. of Law and Sust. Develop.

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Introduction: The study literature's obvious limits with a complete fiscal term model for moderating variables are crucial to our investigation. In order to preserve petroleum field economics and profitability in Indonesia's petroleum business context, this study examines the relationship between material inventory performance, purchasing performance, and fiscal term moderating influence with an agglomeration approach. Theoretical Framework: Industry character strongly influences the inventory and purchasing performance relationship (Basu & Wang, 2011); Hofer et al., 2012); (Priniotakis & Argyropoulos, 2018). Despite circumstances and fiscal terms that were not adaptive to environmental dynamism (Acquah-Andoh et al., 2019), Production Sharing Contract (PSC) Contractors' upstream field economics deteriorated compared to the initial (Paramita, 2022). Financial term in fossil sector draws investors, ensuring fair economic performance and cost balance (Mardiana et al., 2019; Yun et al., 2020). Methodology: Cross-sectional time series data were collected over five years from 26 Production Sharing Contract (PSC) Contractors from Indonesia's upstream oil industry in the preliminary Plan of Development (POD) phase. Econometric analysis using multivariate structural equation modeling will test the model. Results and Discussions: The results showed that different financial performance agglomerations showed an inconsistent relationship between inventory performance, petroleum field economics, and profitability, but purchasing performance showed a positive relationship in any scheme, and fiscal terms significantly strengthened the relationship between variables. Conclusion: This study sheds light on whether fiscal term strengthening variables in the upstream petroleum company affect decision-making.

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Assessment of Upstream Petroleum Fiscal Regimes in Myanmar

Cited by 12 publications

References 23 publications

Impact of Production Sharing Contract Price Sliding Royalty: The Case of Nigeria’s Deepwater Operation

Impact of Production Sharing Contract Price Sliding Royalty: The Case of Nigeria’s Deepwater Operation

Balancing the Interests of Parties in Contractual Relationship: How Fair Is the Nigerian Petroleum Tax System to the State and the Oil Majors?

Fiscal Moderating Effect for Sustaining the Upstream Petroleum Field Economics and Profitability: Inventory and Purchasing Performance

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