Poland Will Present Proposed Hydrocarbon Tax Bill On June 13

Poland Will Present Proposed Hydrocarbon Tax Bill On June 13'

WARSAW--Poland's Environment Ministry will present its long-awaited proposal on how to tax hydrocarbon production in the country, including gas and oil extracted from shale rocks, on June 13, the ministry said in a statement Friday.

On that day the ministry will begin consultations with other ministries, as well as local communities and the affected sector, the ministry said.

In addition to a proposal on how to tax hydrocarbon production, both conventional and unconventional, the draft law will address how municipal governments' can reap benefits from upstream activity in their jurisdictions.

The draft law would also create a National Energy Minerals Operator, to be known as NOKE, to consolidate regulation of extraction of natural gas and oil in Poland, as well as a Hydrocarbon Fund, to invest part of tax revenue in innovation, education, and research and development.

Copyright (c) 2012 Dow Jones & Company, Inc.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Camp Boss|Galleyhand|Ships Deckhand / Deck Crew
Location: Port Fourchon, LA
Patent Counsel/Senior Patent Counsel
Expertise: Legal
Location: Richmond, VA
US Houston, Tx : Sr Procurement Contracts Specialist
Expertise: Contracts Engineer|Supply Chain Management
Location: Houston, TX
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours