17/03/2015at 13:53

UK plans lower oil taxes in the North Sea

Great Britain could be headed towards a lower oil tax on fields in the North Sea. The move is aimed at encouraging long-term investments.

BY RITZAU FINANS AND DANIEL LOGAN BERG-MUNCH

Less than two days before the presentation of a new state budget in the UK, rumors are flourishing regarding a lower taxation on oil extraction in the British part of the North Sea.

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