Israel upstream fiscal and regulatory report attractive fiscal terms balanced by regulatory uncertai

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Israel Upstream Fiscal and Regulatory Report- Attractive Fiscal Terms


Israel Upstream Fiscal and Regulatory Report - Attractive Fiscal Terms

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Report Highlights: ď‚—

The report presents the essential information relating to the terms which govern investment into Israels upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the states take from hydrocarbon production.

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Considering political, economic and industry specific variables, the report also analyses future trends for Israels upstream oil and gas investment climate.

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With 50 tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


Table of Contents (Major Points) 1.

2. 3. 4.

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6. 7. 8.

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Table of Contents 1 1.1 List of Tables 2 1.2 List of Figures 2 Regime Overview 3 State Take Assessment 5 Key Fiscal Terms 6 4.1 License Fees 6 4.2 Royalty 6 4.3 Direct Taxation 6 4.3.1 Petroleum Profit Tax Regulation and Licensing 9 5.1 Legal Framework 9 5.1.1 Governing Law 9 5.1.2 Contract Type 10 5.1.3 Title to Hydrocarbons 10 5.2 Institutional Framework 11 5.2.1 Licensing Authority 11 5.2.2 Regulatory Agency 11 5.3 Licensing Process 11 Outlook Contact Information List of Tables Table 1: Summary 3 Table 2: Israel, Licence Fees (NIS/1000 Dunams), Petroleum Licenses 6 Table 3: Israel, Minimum Royalty Payments, Barrels of Oil/1,000 dunams 6 List of Figures Figure 1: Regime Flow Chart 4 Figure 2: Israel, Indicative NPV10/boe, IRR and Fiscal Take Comparison - Regional, 2016 5 Figure 3: Israel, Legal Framework 9


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