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Assessment of upstream petroleum fiscal regimes in Myanmar

journal contribution
posted on 2023-05-20, 19:30 authored by Swe, 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