LAPSE:2023.34730
Published Article
LAPSE:2023.34730
Comparison of Hydrocarbon Fiscal Regimes of Some European Oil and Gas Producers and Perspectives for Improvement in the Republic of Croatia
April 27, 2023
Hydrocarbon exploration and production activities are basic to the functioning of the oil and gas industry, while concession contracts and fees are central concepts in the aforementioned activities. The authors consider several questions regarding these concepts, such as: what is the legislative, institutional, and fiscal framework in certain European countries regarding hydrocarbon exploration and production? What are the major differences between them? Finally, is there room for improvement of the framework in the Republic of Croatia? To answer these questions, the authors contacted some of the relevant institutions and accessed official government gazettes, institution websites, legal aggregators, journal articles, books, and different legal publications regarding the oil and gas industry for several European countries, namely the Kingdom of Norway, the Russian Federation, the Republic of Austria, and the Republic of Croatia. As a result, this paper presents an overview of legislation, institutions, concession contracts, taxes, and fees for each of the aforementioned countries. The authors conclude that the Republic of Croatia could benefit from applying some foreign solutions in its own legislative and fiscal framework, i.e., using a sliding scale for royalty calculation and simplifying some administrative procedures.
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Keywords
concession workflow, energy fiscal regimes, hydrocarbons, legal framework
Subject
Suggested Citation
Kolovrat M, Jukić L, Sedlar DK. Comparison of Hydrocarbon Fiscal Regimes of Some European Oil and Gas Producers and Perspectives for Improvement in the Republic of Croatia. (2023). LAPSE:2023.34730
Author Affiliations
Kolovrat M: Faculty of Mining, Geology and Petroleum Engineering, University of Zagreb, Pierottijeva 6, 10000 Zagreb, Croatia
Jukić L: Faculty of Mining, Geology and Petroleum Engineering, University of Zagreb, Pierottijeva 6, 10000 Zagreb, Croatia [ORCID]
Sedlar DK: Faculty of Mining, Geology and Petroleum Engineering, University of Zagreb, Pierottijeva 6, 10000 Zagreb, Croatia [ORCID]
Jukić L: Faculty of Mining, Geology and Petroleum Engineering, University of Zagreb, Pierottijeva 6, 10000 Zagreb, Croatia [ORCID]
Sedlar DK: Faculty of Mining, Geology and Petroleum Engineering, University of Zagreb, Pierottijeva 6, 10000 Zagreb, Croatia [ORCID]
Journal Name
Energies
Volume
14
Issue
16
First Page
5056
Year
2021
Publication Date
2021-08-17
Published Version
ISSN
1996-1073
Version Comments
Original Submission
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PII: en14165056, Publication Type: Review
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LAPSE:2023.34730
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doi:10.3390/en14165056
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[v1] (Original Submission)
Apr 27, 2023
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Apr 27, 2023
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