RE:RE:RE:RE:RE:RE:RE:RE:RE:News next week Godfather wrote: Butsko1 wrote: stockguy2015 wrote: Butsko why do ask these dumb questions here's your answer
A rental fee of ( 7% and 3% to the hydrocarbon fund). A rental fee is due to the State both for exploration and for production.
Along with the rental fee, a royalty is also due to the State on a yearly basis in the production phase. The relevant amount varies depending on whether the production is onshore or offshore. The relevant calculation is performed on the basis of the average selling price of production, within the relevant period, as the net of the specific deduction as reported in the table below.
In Italy, hydrocarbon reserves are a State-owned asset (article 826 of the Italian Civil Code). However, as stated above, the State does not directly carry out exploration and exploitation activities, which are granted through concessions to private undertakings. The holder of a concession is subject to compliance with the work program, the payment of a license fee proportional to the surface covered by the mining titles and to the payment of royalties, proportional to the amount of hydrocarbons produced. The royalties owed are calculated based on average prices of the oil & gas market. )is due to the State both for exploration and for production.
Along with the rental fee, a royalty is also due to the State on a yearly basis in the production phase. The relevant amount varies depending on whether the production is onshore or offshore. The relevant calculation is performed on the basis of the average selling price of production, within the relevant period, as the net of the specific deduction as reported in the table below.
In Italy, hydrocarbon reserves are a State-owned asset (article 826 of the Italian Civil Code). However, as stated above, the State does not directly carry out exploration and exploitation activities, which are granted through concessions to private undertakings. The holder of a concession is subject to compliance with the work program, the payment of a license fee proportional to the surface covered by the mining titles and to the payment of royalties, proportional to the amount of hydrocarbons produced. The royalties owed are calculated based on average prices of the oil & gas market.
So aleanna owns 90% of the gas do some dd before posting your non sense
Since most of the articles you pumpers are getting are in Italian, show me, IN ITALIAN, where it states these numbers and obviously, the royalties figures.
Just put this Butthead on ignore. There is no rationalizing with someone that stupid.
Seems wanker and the stockboy live in their grandmas bsmt...
So this is where stockboy got his information,which is true..but ,just like being a reporter for a tabloid, omits certain crucial details,like taxes,which Italy has 3 of them on natural gas..
https://iclg.com/practice-areas/oil-and-gas-regulation/oil-and-gas-regulation-2017/italy
Excerpt from that article...
Moreover, under Italian law, upstream oil and gas operators are subject to the following tax regime: (i) general corporate income tax (IRES); (ii) regional tax on productive activities (IRAP); and (iii) value added tax (VAT).....
A. At a glance Fiscal regime Italian companies and Italian branches of foreign companies are subject to the general Corporate Income Tax Act in Italy, with some specific additional provisions that may apply to the oil and gas sector: • Royalties — Yes • Bonuses — None • Corporate income tax rate — 27.5% • Regional Income Tax — 3.9% The Italian tax regime for oil and gas companies requires the payment of specific concessions to the state, and also royalties to be calculated on the amount of production. Companies establishing new oil and gas activities (e.g., extraction, distribution, research, tillage or storage) in Italy must apply to the Italian state for certain specific licenses. Once granted, the licenses facilitate the calculation of the concessions due. A summary of licenses and concessions is as shown in the table below.
Yearly fees for oil and gas concessions €/Km2 Prospection license 3.40 Research license 6.82 Research license (first extension) 13.61 Research license (second extension) 27.23 Tillage license 54.48 Tillage license (extension) 81.71 Storage license under tillage license 13.61 Storage license without tillage license 54.48