Course

Transfer Pricing in the Petroleum Industry

Category: Accounting & Finance

Upcoming Dates

DateVenue
18 - 22 Aug 2025London

Course Fee

£4,250 + VAT

TRANSFER PRICING IN THE PETROLEUM INDUSTRY

Course Outline

This open course shall cover the below material and subject matter. 

  1. Overview of Petroleum Industry and the Fully Integrated International Oil Company and National Oil Company
  2. Pricing Regulation and Regimes in the Petroleum Industry
  3. International Oil Companies and Affiliates
    • Financial and Accounts Relationships
    • Cost Centre & Profit Centre Affiliates
    • IOC and Affiliate Pricing – Arms-length / Open Market Price (OMP) Versus Non OMP
  4. Transfer Pricing Overview
    • Criticality of Transfer Pricing
    • Transfer pricing and Revenue Recognition
  5. Transfer Pricing in Multinational and Fully Integrated Petroleum Companies
  6. Transfer Pricing and Petroleum Taxation of E&P Operations in relation to Taxation of Non-E&P (Midstream and Downstream) Operations
  7. Tax Revenue Implicatons of Transfer Pricing
  8. Global Principles for Transfer Pricing Accounting in the Petroleum Industry