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Oil industry in plea over tax cuts

2014-11-25 01:56:38| Oil & Gas - Topix.net

The oil and gas industry has called for tax cuts to ensure further exploration and extraction of the North Sea is encouraged, following reports of a drop in confidence within the sector. The call comes after the 21st Oil and Gas Survey found that, for the first time since 2008, more operators and contractors are pessimistic about their UK Continental Shelf activity than are optimistic.

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