North Sea Oil Producer Slams the UK's Windfall Tax ...Middle East

OILPRICE - Economy
North Sea Oil Producer Slams the UKs Windfall Tax
source : OILPRICE ( Middle East ) () 31
The boss of Enquest has slammed the windfall tax on oil and gas firms as doing “irreversible damage” to the industry and “driving job losses across the sector”. Amjad Bseisu, Enquest’s chief executive, called for the North Sea tax to be scrapped in an operations update on Tuesday after claiming it makes the UK a less attractive place to invest. The UK Energy Profits Levy (EPL) was introduced in May 2022 and applies to oil and gas companies operating in the North Sea. It is designed to tax the extra profits these companies…

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