Unfair oil tax

Bayerngas is blaming the government for unequal treatment as it prepares to open negotiations over how much it will be taxed on its gas operations in the Danish North Sea.

According to the German-based gas exploration company, AP Moller-Maersk, which also operates in the area, was given a more lucrative tax deal in 2003 than it has been presented with ahead of tomorrow’s opening day of negotiations.

Unlike Maersk at that time, Bayerngas stands to be taxed retroactively on its operations.

Bayerngas built its case on a report written by a respected Danish economist who has previously called for higher taxes on North Sea oil operations.

Erhverv & Økonomi

SEE RELATED: Doubt over North Sea oil and gas revenue