Oil and gas are taxed heavily along the supply chain in various ways and for different reasons. Tax revenues from oil and gas exports are a major source of revenue for governments of oil and gas exporting countries, these revenues serve as a compensation for the depletion of a finite resource. In consumer countries revenues from taxes on petrol and other fuels are often used to develop and maintain road infrastructure and to compensate for environmental impacts. This study examines taxation along the oil and gas supply chain from upstream to downstream.
Taxation along the Oil and Gas Supply Chain: International Pricing Mechanisms for Oil and Gas
Published in 2008