The fiscal provisions on existing legal frameworks governing the oil sector in the Republic of South Sudan

Q4 Economics, Econometrics and Finance

International Journal of Revenue Management Pub Date : 2017-05-15 DOI:10.1504/IJRM.2017.084145

Isaac Yak Repha Tutdel, Zhen Wang, Abimelech Paye Gbatu

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Abstract

The Republic of South Sudan (RSS) is endowed with vast oil resources that are being produced by foreign oil companies (FOCs). However, it has been observed that the existing PSC contains some provisions that are inconsistent with international best practices. This paper explores, extracts and analyses the fiscal provisions in the existing legal framework of the PSCs that governs the oil sector in the RSS. All the appropriate legal regimes governing post-petroleum sector in South Sudan have been revisited and their fiscal provisions have been analysed. After reviewing the legal texts of the Transitional Constitution, the Petroleum Act, the exploration and production sharing agreements (EPSAs), the transitional agreements (TAs) and other relevant documents attached to the petroleum sector, the paper identifies some shortcomings of the PSCs such as lack of royalty and taxes. Henceforth, the paper provides policy recommendations for the institutional management of the petroleum sector in the RSS.

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关于管理南苏丹共和国石油部门的现有法律框架的财政规定

南苏丹共和国拥有由外国石油公司生产的大量石油资源。然而，据观察，现有PSC中包含一些与国际最佳实践不一致的条款。本文探讨、摘录和分析了RSS中管理石油行业的PSC现有法律框架中的财政条款。重新审视了管理南苏丹后石油部门的所有适当法律制度，并对其财政规定进行了分析。在审查了《过渡宪法》、《石油法》、《勘探和生产分成协议》、《过渡协议》和石油部门的其他相关文件的法律文本后，本文指出了PSCs的一些缺点，如缺乏特许权使用费和税收。此后，本文为RSS石油部门的机构管理提供了政策建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Revenue Management Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The IJRM is an interdisciplinary and refereed journal that provides authoritative sources of reference and an international forum in the field of revenue management. IJRM publishes well-written and academically rigorous manuscripts. Both theoretic development and applied research are welcome.