The economic impact of petroleum royalty reform on Turkey's upstream oil and gas industry

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dc.contributor.authorAydin, Levent
dc.date.accessioned2020-06-25T18:06:36Z
dc.date.available2020-06-25T18:06:36Z
dc.date.issued2012
dc.departmentKırıkkale Üniversitesi
dc.descriptionAydin, Levent/0000-0001-8179-7418
dc.description.abstractThe aim of this paper is to examine the economic impact of the royalty reform. The draft Turkish petroleum Law introduces two important fiscal changes to increase to increase domestic petroleum production, further national petroleum supply, attract investors and harmonize its laws with those of the European Community: (1) progressive sliding royalty relief on oil and gas production leases and (2) 50% of the royalty shall be transferred to province where the production lease exists. Results included in this analysis indicate that there would be 2% increase in oil production thanks to 128 oil fields extending economic life and 0.5% increase in gas production thanks to 63 gas fields due to their profitability in the forecasted period. Half of royalty is transferred to low per capita income provinces and tends to contribute distribution of income. However, half of gas royalty is transferred to high income per capita provinces. (C) 2011 Elsevier Ltd. All rights reserved.en_US
dc.identifier.citationclosedAccessen_US
dc.identifier.doi10.1016/j.enpol.2011.12.048
dc.identifier.endpage172en_US
dc.identifier.issn0301-4215
dc.identifier.scopus2-s2.0-84857044540
dc.identifier.scopusqualityQ1
dc.identifier.startpage166en_US
dc.identifier.urihttps://doi.org/10.1016/j.enpol.2011.12.048
dc.identifier.urihttps://hdl.handle.net/20.500.12587/5279
dc.identifier.volume43en_US
dc.identifier.wosWOS:000301616100016
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofEnergy Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectUpstreamnen_US
dc.subjectOilen_US
dc.subjectRoyaltyen_US
dc.titleThe economic impact of petroleum royalty reform on Turkey's upstream oil and gas industryen_US
dc.typeArticle

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