Comparative analysis of upstream petroleum fiscal systems of three (3) petroleum exporting countries: Indonesia, Nigeria and Malaysia.

Babajide, N.; Ogunlade, C.A.; Aremu, D.O.; Oladimeji, S.T.; Akinyele, O.A.

Abstract

The role of oil: its output and infrastructure and technology in the world are established. Exploration and Exploitation of oil is not only significant as a revenue generator but has become indispensible in the world economy especially as a result of the inability of world economy to find a better substitute. The recent decline and fluctuation arising from oil sector over the decades have prompted a reassessment of petroleum fiscal systems. The research compares the current upstream fiscal systems of three oil exporting countries: Nigeria, Indonesia and Malaysia. The approach adopted for this study is a review of the existing literature on fiscal regimes; the focus is an objective presentation of empirical evidence. The methodology involved desktop research which looked into published literature. Based on the evaluation, the paper arrived at possible conclusions and implications for oil fiscal regimes for the respective countries and the world fiscal systems in general.

Citation

BABAJIDE, N., OGUNLADE, C.A., AREMU, D.O., OLADIMEJI, S.T. and AKINYELE, O.A. 2014. Comparative analysis of upstream petroleum fiscal systems of three (3) petroleum exporting countries: Indonesia, Nigeria and Malaysia. International journal of sciences: basic and applied research [online], 15(2), pages 99-115. Available from: https://gssrr.org/index.php/JournalOfBasicAndApplied/article/view/2657

• Journal Article Type: Article
• Online Publication Date: Apr 9, 2014
• Publication Date: Jun 14, 2014
• Deposit Date: May 23, 2024
• Publicly Available Date: May 23, 2024
• Journal: International journal of sciences: basic and applied research
• Print ISSN: 2307-4531
• Electronic ISSN: 2307-4531
• Publisher: Global Society of Scientific Research and Researchers
• Peer Reviewed: Peer Reviewed
• Volume: 15
• Issue: 2
• Pages: 99-115
• Keywords: Exploitation; Exploration; Fiscal systems; Upstream
• Public URL: https://rgu-repository.worktribe.com/output/2344176
• Publisher URL: https://gssrr.org/index.php/JournalOfBasicAndApplied/article/view/2657