Friday, March 20, 2015

Billion Claims against Statoil – TV 2

The report, which was presented Thursday show that Statoil Angola and Nigeria have received a total tax claim of 11.2 billion against them. The requirements in the two countries are linked to production sharing agreements, ie field-specific contracts that regulate how much government and companies will have the profit, writes Dagens Næringsliv.

In During the past year, the claims against Statoil in these two countries increased by almost 4 billion. In Nigeria also require Statoil field partners a greater proportion of an oil field, which can cost Statoil 6.3 billion. Also in Europe meet Statoil billion requirement. Gas Buyers will have 4.4 billion in rebate. These four cases represent an overall claims against Statoil on 22 billion.

Statoil says in the report that the Group has made provisions for some of the requirements. The cases going for arbitration.

– There are too many oil states, including those who are at the very beginning of its oil history, which have too high expectations, says Statoil’s exploration director Tim Dodson. He believes that the low oil price could lead to more tug of war between oil companies and oil states on tax levels. Dodson believes there is a need for better conditions when the price of oil is so low.

This week announced Britain cuts in oil taxes as a result of the current oil price has more than halved. (© NTB)

The main gate was open when the terrorists struck, says a judge under coroner in London.

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