Fiscal and Customs Mechanisms for Harmonizing State and Investor Interests in Oil and Gas Projects
DOI:
https://doi.org/10.5281/zenodo.19736147Ключевые слова:
oil and gas projects, production sharing agreement, PSA, state and investor interests, financial mechanisms, tax incentives, tax reporting, cost recovery oil, subsoil use tax (royalty), stabilization clauseАннотация
This article analyzes the financial mechanisms for optimally harmonizing the interests of the state and investors
in oil and gas projects, particularly the system of taxation and customs payments, as well as the rationale for introducing
separate reporting. Based on the Law of the Republic of Uzbekistan “On Production Sharing Agreements” (2001), various
editions of the Tax Code, and the Customs Code, the study examines tax incentives, tax rates, mandatory payments,
and customs procedures provided for participants of Production Sharing Agreements (PSA). Using practical PSA cases,
the mechanisms for balancing state and investor interests are demonstrated. Based on the research findings, recommendations
are developed to enhance the investment attractiveness of PSAs and ensure the effective protection of state
interests.
Библиографические ссылки
1. Johnston, D. (2010). International Petroleum Fiscal Systems and Production Sharing Contracts. Tulsa: PennWell
Books. – 320 p.
2. Law of the Republic of Uzbekistan “On Production Sharing Agreements” dated 07.12.2001 No. O‘RQ-312-II. https://
www.lex.uz/docs/-20641?otherlang=1
3. Mansurov, O.Z. (2025). Legal nature of production sharing agreements in the Republic of Uzbekistan. Yashil iqtisodiyot
va taraqqiyot jurnali, October (electronic edition).
4. Johnston, D. (2000). Fiscal Systems and Production Sharing Agreements. Moscow: Olimp-Business. Bindemann, K.
Production Sharing Agreements: An Economic Analysis. Oxford Institute for Energy Studies.
5. Adelman, M.A., Lynch, M.S. (1997). Fixed view of resource limits creates undue pessimism // Oil & Gas Journal. – Vol.
95, No. 14. 6–16.
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