Tax | Egypt Oil & Gas

Mozambique to Receive $350m in Taxes from Eni

Mozambique will gain $350m in capital taxes from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to ExxonMobil Corporation.

UK Tax From North Sea Turns Negative for First Time

The United Kingdom’s net revenues from taxes levied on oil and gas companies operating on or near the North Sea turned negative for the first time since records began in 1968.

UK Announces Tax Relief for North Sea Oil&Gas Industry

UK Chancellor George Osborne has offered further tax relief for Britain’s oil and gas industry. The tax changes are expected to save the industry around $1.4b in the five financial years from 2016/2017 to 2020/2021.

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