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Argentina Upstream Fiscal and Regulatory Report - Reformist Macri Government Liberalizing Oil and Gas Prices

Argentina Upstream Fiscal and Regulatory Report - Reformist Macri Government Liberalizing Oil and Gas Prices

Summary

Argentina Upstream Fiscal and Regulatory Report - Reformist Macri Government Liberalizing Oil and Gas Prices, presents the essential information relating to the terms which govern investment into Argentina’s 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 state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Argentina’s upstream oil and gas investment climate.Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Argentina
  • Assessment of the current fiscal regime’s state take and attractiveness to investors
  • Charts illustrating the regime structure, and legal and institutional frameworks
  • Detail on legal framework and governing bodies administering the industry
  • Levels of upfront payments and taxation applicable to oil and gas production
  • Information on application of fiscal and regulatory terms to specific licenses
  • Outlook on future of fiscal and regulatory terms in Argentina
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Argentina’s upstream oil and gas sector
  • Evaluate factors determining profit levels in the industry
  • Identify potential regulatory issues facing investors in the country’s upstream sector
  • Utilize considered insight on future trends to inform decision-making


1 Table of Contents
1.1. List of Tables
1.2. List of Figures
2. Regime Overview
3. State Take Assessment
4. Key Fiscal Terms
4.1. Royalties, Bonuses and Fees
4.1.1. Bonuses
4.1.2. Royalty
4.1.3. Rental Fees
4.2. Extraordinary Income Levy (Where Directly Negotiated)
4.3. Export duty
4.4. Federal Direct Taxation
4.4.1. Corporate Income Tax
4.4.2. Deductions and Depreciation
4.4.3. Withholding Tax
4.5. Provincial Taxation
4.5.1. Turnover Tax
4.5.2. Stamp Duty
4.5.3. Property Tax
4.6. Indirect Taxation
4.6.1. Value Added Tax
4.6.2. Customs Duties
4.6.3. Corporate Social Responsibility Payments
4.7. Incentives
4.7.1. Stimulus Program for the Export of Escalante Crude Oil Surplus
4.7.2. Investment Promotion Scheme for Hydrocarbon Production
4.7.3. Gas Plan Incentives
4.7.4. Promotional Scheme for Hydrocarbon Exploration and Production
4.7.5. Oil Plus (Repealed July 13, 2015)
4.7.6. Gas Plus
4.7.7. Stimulus Program for Crude Oil Production (2015 Only)
4.7.8. Special Regime for Tierra del Fuego, Antarctica and South Atlantic Islands (Ended)
5. Regulation and Licensing
5.1. Legal Framework
5.1.1. Governing Law
5.1.2. Contract Type
5.1.3. Title to Hydrocarbons
5.2. Institutional Framework
5.2.1. Licensing Authority
5.2.2. Regulatory Agency
5.2.3. National Oil Company
5.3. Licensing Process
5.4. License Terms
5.4.1. Duration and Relinquishments
5.4.2. Area
5.4.3. Work Obligation
5.5. Local Content
5.6. Profit Repatriation
6. Outlook
7. Appendix
7.1. Contact Us
7.2. Disclaimer
1.1 List of Tables
Table 1: Regime Overview
Table 2: Argentina, Rental Fees, October 31, 2014 Onward
Table 3: Argentina, Rental Fees, 2007 to October 31, 2014
Table 4: Argentina, Rental Fees, Prior to 2007
Table 5: Argentina, Neuquén Province, Extraordinary Income Levy Rates (%), 2010 YPF Extension
Table 6: Argentina, Mendoza Province, Extraordinary Income Levy Rates (%), 2010 Law
Table 7: Argentina, Salta Province, Extraordinary Income Levy Rates (%), 2012 YPF Extension
Table 8: Argentina, Additional Export Duty Rates, August 2004
Table 9: Argentina, Oil Export Duty Rates Below US$80/bbl, October 22 - December 31, 2014
Table 10: Argentina, Gas Plan II - Subsidized Prices
Table 11: Argentina, Gas Plan - Subsidized Prices, Resolution 46-E/2017
Table 12: Argentina, ‘Oil Plus’ Tax Credit for Production Rates
Table 13: Argentina, ‘Oil Plus’ Tax Credit for Reserves Rates
Table 14: Argentina, Provincial Regulatory Agencies
Table 15: Argentina, Provincial Oil Companies
1.2 List of Figures
Figure 1: Regime Flow Chart
Figure 2: Argentina, Indicative NPV10/boe, IRR and State Take Comparison, Regional
Figure 3: Argentina, Legal Framework
Figure 4: Argentina, Institutional Framework

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