Assessment of upstream petroleum fiscal regimes in Myanmar
journal contribution
posted on 2023-05-20, 19:30authored bySwe, WT, Emodi, NV
This study aims to assess Myanmar’s upstream petroleum fiscal regimes by applying comprehensive indicators to rank the level of attractiveness of Myanmar. The indicators include government take (GT), front loading index (FLI), and composite score (CS). The decision maker’s attitude for GT and FLI were considered in CS linear weighting method in ranking the fiscal terms attractiveness. The results showed that Myanmar’s upstream petroleum fiscal regime has low attraction compared to its competing countries from the investor’s point of view, both in terms of the risk to the investor in the earlier part of the project and in terms of evaluation with or without the time value of money. Also, royalty and cost recovery were identified to have an impact on the attractiveness rank of petroleum fiscal regime in Myanmar. Therefore, Myanmar should consider improving its fiscal regimes that are not neutral—particularly, royalty, tax, profit split, and cost recovery—for a favorable investment climate.
History
Publication title
Journal of Risk and Financial Management
Volume
11
Issue
4
Pagination
1-23
ISSN
1911-8066
Department/School
TSBE
Publisher
MDPI AG
Place of publication
Switzerland
Rights statement
Copyright unknown
Repository Status
Restricted
Socio-economic Objectives
Oil and gas extraction; Oil and gas processing; Other mineral resources (excl. energy resources) not elsewhere classified