LEGAL AND ECONOMIC MECHANISMS FOR BALANCING STATE AND INVESTOR INTERESTS IN OIL AND GAS PROJECTS
Keywords:
Production sharing agreement, PSA, legal nature, concession, tax regime, cost recovery, gold plating, transfer pricing, artificial intelligence, RHT, DLT, stabilization clause.Abstract
The article analyzes the legal and economic mechanisms for balancing the interests of the state and the investor in oil and gas projects, with an emphasis on production sharing agreements (PSA). The legal nature of PSAs, their differences from concessions, the stabilization clause, tax and customs regimes are examined. The cost recovery mechanism, the problems of cost overstatement (gold plating) and transfer pricing, as well as modern solutions based on artificial intelligence and digital reporting technology (RHT, DLT) are studied. Based on the analysis of international models (Azerbaijan, Malaysia, Norway), proposals have been developed to optimize investor costs, which makes it possible to increase the state's share and profit tax revenues.
