ANALYSIS-North Sea oil tax rise unlikely to be lasting blow

Newswire

* Supplementary tax charge raised to 32 pct from 20 pct * Government says expects investment to rise on oil price * Premier Oil says tax hike will not impact * May create opportunities for smaller companies By Alex Lawler and Sarah Young LONDON, March 25 (Reuters) - Britain's surprise tax increase on North Sea oil and gas output, met with protest by the industry, is unlikely to jeopardise profitability or investment and may create opportunities for smaller companies. On ...

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