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Italy Upstream Fiscal and Regulatory Report - Regulatory Barriers to Remain an Issue for Project Development

Italy Upstream Fiscal and Regulatory Report - Regulatory Barriers to Remain an Issue for Project Development


“Italy Upstream Fiscal and Regulatory Report - Regulatory Barriers to Remain an Issue for Project Development”, presents the essential information relating to the terms which govern investment into Italy’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 Italy’s upstream oil and gas investment climate.


  • Overview of current fiscal terms governing upstream oil and gas operations in Italy
  • 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 Italy
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Italy’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

  • Regime Overview
    • Table Summary
    • Table Figure 1: Regime Flow Chart
  • State Take Assessment
    • Table Figure 2: Italy, Indicative State Take Comparison - Internal, 2016
    • Table Figure 3: Italy, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016
  • Key Fiscal Terms
    • Upfront Payments
      • Surface Fees
        • Table Italy, Annual Surface Fees, 2015
      • Royalty
        • Table Italy, Annual Royalty-Exempt Production Volumes, 2016
        • Table Italy - Onshore Sicily, Royalty Rate (%), 2001-2016
    • Direct Taxation
      • Corporate Income Tax
        • Table Italy, IRES Rates (%), 1981-2013
      • IRES Surcharge (2008-2015)
        • Table Italy, IRES Surcharge Rate (%), 2008-2015
      • Regional Tax
        • Table Italy, National IRAP Base Rate (%), 1997-2016
        • Table Italy, Regional IRAP Rates (%), 2015
      • Deductions and Depreciation
        • Table Italy, Tangible Asset Depreciation Rates (%), Fossil Fuels Sector, 1996-present
      • Withholding Tax
    • Indirect Taxation
      • Value-Added Tax
      • Import Duty
      • EU Emissions Trading Scheme
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 4: Italy, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 5: Italy, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
    • License Terms
      • Duration
      • Regional Regulations
      • Offshore Activity Regulations
  • Outlook
  • Contact Information

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