Assessment of upstream petroleum fiscal regimes in Myanmar

Swe, Wint Thiri, and Emodi, Nnaemeka Vincent (2018) Assessment of upstream petroleum fiscal regimes in Myanmar. Journal Of Risk And Financial Management, 11 (4). 85. pp. 1-23.

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Abstract

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.

Item ID: 56999
Item Type: Article (Research - C1)
ISSN: 1911-8074
Keywords: Myanmar, petroleum fiscal regimes, upstream oil and gas, fast and intuitive method, discounted cash flow model
Copyright Information: © 2018 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).
Date Deposited: 30 Jan 2019 07:36
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140215 Public Economics- Taxation and Revenue @ 50%
14 ECONOMICS > 1402 Applied Economics > 140205 Environment and Resource Economics @ 50%
SEO Codes: 85 ENERGY > 8501 Energy Exploration > 850103 Oil and Gas Exploration @ 40%
85 ENERGY > 8502 Mining and Extraction of Energy Resources > 850203 Oil and Gas Extraction @ 40%
91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910110 Taxation @ 20%
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