Heavy Oil Investing News » U.K Govt. aimed to boost Oil and Gas Devt. with Tax Cuts

U.K Govt. aimed to boost Oil and Gas Devt. with Tax Cuts

April 23, 2009 @ 2:37 am In Heavy Oil Market News

U.K. Chancellor of the Exchequer Alistair Darling declared that he will introduce tax incentives to encourage the development of smaller oil and gas fields in the North Sea with the aim of squeezing an extra 2 billion barrels equivalent out of the rapidly declining region.

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[1] here: http://online.wsj.com/article/BT-CO-20090422-712593.html