9.375
%
Uncertain
120
mm boe
0
%
Investment continues to be a drag due mostly to the lingering uncertainty that any PSCs entered into by incoming companies will be withdrawn in the future.
March 18, 2024
Africa - North
mm bbl
bcf
Northern Africa, bordering the North Atlantic Ocean, between Mauritania and Morocco.
PSC/PSA
Production sharing Contract ("PSC")-based fiscal regime. Signature bonuses, cost recovery ceiling and profit sharing (linked to the contractor’s rate of return (IRR)) are all negotiable, while royalty rates are fixed by government. The contractors liability for income tax is paid by the state.
There is no set policy of discouraging firms from conducting business in Western Sahara. However, there is a universal commitment to promoting responsible corporate behaviour by companies operating, or considering operating, in the country.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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