Oil companies examine implications of new tax
International oil companies are reviewing their positions in the country in advance of the introduction of new oil taxes in 2007. The news follows the unveiling by Algiers of windfall taxes on foreign oil investors, capitalising on current high oil prices. In mid-December, Algiers confirmed the introduction of windfall charges between 5 and 50 per cent on exceptional profits for as long as the price of oil remains above $30 a barrel.'We are calculating the new level ...
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