文章基本信息

标题：Assessment of Upstream Petroleum Fiscal Regimes in Myanmar
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作者：Wint Thiri Swe ; Nnaemeka Vincent Emodi
期刊名称：Journal of Risk and Financial Management
印刷版ISSN：1911-8074
出版年度：2018
卷号：11
期号：4
DOI：10.3390/jrfm11040085
语种：English
出版社：MDPI, Open Access Journal
摘要：This study aims to assess Myanmar’s upstream petroleum fiscal regimes by applyingcomprehensive indicators to rank the level of attractiveness of Myanmar. The indicators includegovernment take (GT), front loading index (FLI), and composite score (CS). The decision maker’sattitude for GT and FLI were considered in CS linear weighting method in ranking the fiscal termsattractiveness. The results showed that Myanmar’s upstream petroleum fiscal regime has lowattraction compared to its competing countries from the investor’s point of view, both in terms ofthe risk to the investor in the earlier part of the project and in terms of evaluation with or withoutthe time value of money. Also, royalty and cost recovery were identified to have an impact on theattractiveness rank of petroleum fiscal regime in Myanmar. Therefore, Myanmar should considerimproving its fiscal regimes that are not neutral—particularly, royalty, tax, profit split, and costrecovery—for a favorable investment climate.
关键词：Myanmar; petroleum fiscal regimes; upstream oil and gas; fast and intuitive method; discounted cash flow model