The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas Field
IRAN`s new petroleum contract is a new generation of service contract which aimed to fix bugs from Buy-Back model. In this model some incentives have inserted to increase contractors' motivations. In this study, we consider fiscal differences and revenue division of the two models in the case o...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2018-03-01
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| Series: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| Subjects: | |
| Online Access: | https://jiee.atu.ac.ir/article_9099_11c64a7ec1394bd02ccbb0e453af82a1.pdf |
| _version_ | 1797369252127178752 |
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| author | Hadi Dibavand Ali Taherifard Ali Faridzad Atefeh Taklif mohammad mahdi bahrololoum |
| author_facet | Hadi Dibavand Ali Taherifard Ali Faridzad Atefeh Taklif mohammad mahdi bahrololoum |
| author_sort | Hadi Dibavand |
| collection | DOAJ |
| description | IRAN`s new petroleum contract is a new generation of service contract which aimed to fix bugs from Buy-Back model. In this model some incentives have inserted to increase contractors' motivations. In this study, we consider fiscal differences and revenue division of the two models in the case of phases 4 & 5 of the South Pars gas field. This study is conducted by fiscal simulation for two mentioned models and comparison the results. It is concluded that, government revenue in Buy-Back model throughout the period of production in phases 4 & 5 is bigger around 29% and 11% respectively in regard of the net present value and the discounted net present value. Also, if in Buy-Back model, production decline starts at the first year after fiscal settlement with contractor by the rate of more than 3% yearly, then it is better for the government to employ new contract model instead of Buy-Back model regarding revenue |
| first_indexed | 2024-03-08T17:43:56Z |
| format | Article |
| id | doaj.art-864f7bbbc9894f1582c57d8d9c2fd7d2 |
| institution | Directory Open Access Journal |
| issn | 2423-5954 2476-6437 |
| language | fas |
| last_indexed | 2024-03-08T17:43:56Z |
| publishDate | 2018-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| spelling | doaj.art-864f7bbbc9894f1582c57d8d9c2fd7d22024-01-02T10:48:26ZfasAllameh Tabataba'i University PressPizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān2423-59542476-64372018-03-01726517710.22054/jiee.2018.90999099The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas FieldHadi Dibavand0Ali Taherifard1Ali Faridzad2Atefeh Taklif3mohammad mahdi bahrololoum4PhD Student of Oil & Gas International Contracts Management, Allameh Tabataba'i UniversityFaculty of Islamic Studies and Economics, Imam Sadiq UniversityAssistant Professor of Energy Economics, Faculty of Economics, Allameh Tabataba’i UniversityAssistant Professor of Energy Economics, Faculty of Economics, Allameh Tabataba’i Universityallameh tabatabaee university tehran iranIRAN`s new petroleum contract is a new generation of service contract which aimed to fix bugs from Buy-Back model. In this model some incentives have inserted to increase contractors' motivations. In this study, we consider fiscal differences and revenue division of the two models in the case of phases 4 & 5 of the South Pars gas field. This study is conducted by fiscal simulation for two mentioned models and comparison the results. It is concluded that, government revenue in Buy-Back model throughout the period of production in phases 4 & 5 is bigger around 29% and 11% respectively in regard of the net present value and the discounted net present value. Also, if in Buy-Back model, production decline starts at the first year after fiscal settlement with contractor by the rate of more than 3% yearly, then it is better for the government to employ new contract model instead of Buy-Back model regarding revenuehttps://jiee.atu.ac.ir/article_9099_11c64a7ec1394bd02ccbb0e453af82a1.pdfiran`s new petroleum contract (ipc)buy-backtakephases 4 & 5 of the south pars gas field |
| spellingShingle | Hadi Dibavand Ali Taherifard Ali Faridzad Atefeh Taklif mohammad mahdi bahrololoum The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas Field Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān iran`s new petroleum contract (ipc) buy-back take phases 4 & 5 of the south pars gas field |
| title | The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas Field |
| title_full | The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas Field |
| title_fullStr | The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas Field |
| title_full_unstemmed | The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas Field |
| title_short | The Fiscal Regime Comparison of IRAN`s New Petroleum Contract (IPC) with Buy-Back Model: The Case study of Phases 4 & 5 of the South Pars Gas Field |
| title_sort | fiscal regime comparison of iran s new petroleum contract ipc with buy back model the case study of phases 4 5 of the south pars gas field |
| topic | iran`s new petroleum contract (ipc) buy-back take phases 4 & 5 of the south pars gas field |
| url | https://jiee.atu.ac.ir/article_9099_11c64a7ec1394bd02ccbb0e453af82a1.pdf |
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