Survey: UK producers worried by proposed tax changes

02/13/2006
Short-term prospects for the UK oil and gas industry remain strong, but proposed changes to the country’s tax policy have heightened industry concerns about the durability of these trends, according to a report by the Aberdeen and Grampian Chamber of Commerce.“This survey draws on responses from oil and gas companies employing over 205,000 [people] in the UK and international oil sector and so is significant in highlighting the concerns the industry has over its long-term sustainability,” said Derek Henderson, senior partner at Deloitte in Aberdeen, which sponsored the survey.Geoff Runcie, chamber chief executive, said a recurrent theme throughout three previous Aberdeen...
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