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North Sea agreement has only resulted in minor additional income

Classified documents show that the North Sea agreement is far from the lucrative business promised by politicians, writes Danish newspaper Politiken.

Photo: Øyvind Hagen/Statoil

The 2003 North Sea agreement, which controls how much of the revenue from oil in the North Sea goes to the state, has – judging by appearances – been far from as lucrative a business as the responsible parties have repeatedly made it out to be.

This is evident from classified documents Politiken are in possession of, from oil giant Shell.

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