Publication: Fiscal Systems for Oil : The Government "Take" and Competition for Exploration Investment
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1995-05
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1995-05
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Exploration for petroleum occurs on the basis of government-granted concessions, leases, or contracts whose terms and conditions are established by law or negotiated case by case. An important part of these arrangements is the fiscal terms and conditions-bonuses, rentals, royalties, and taxes. The author looks at fiscal systems around the world and draws some conclusions about how governments compete for exploration investment.
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“Khelil, Chakib. 1995. Fiscal Systems for Oil : The Government "Take" and Competition for Exploration Investment. at a glance. © World Bank. http://hdl.handle.net/10986/11671 License: CC BY 3.0 IGO.”
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