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Govt to lose millions in oil deals—Oxfam report
Golden Matonga May 26, 2018 1 Comment
Government could lose up to $112 million (K82 billion) in revenue if the country commences oil production under the current production sharing agreements (PSAs) with foreign companies, a new Oxfam report has stated.
The analysis of the fiscal terms in the oil contracts done by Oxfam, through a consortium of international economic and oil industry consultants, is based on assumptions on provisions in the contracts which allow companies to pay less taxes as the oil blocks make more profit.
"
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Govt to lose millions in oil deals—Oxfam report
Golden Matonga May 26, 2018 1 Comment
Government could lose up to $112 million (K82 billion) in revenue if the country commences oil production under the current production sharing agreements (PSAs) with foreign companies, a new Oxfam report has stated.
The analysis of the fiscal terms in the oil contracts done by Oxfam, through a consortium of international economic and oil industry consultants, is based on assumptions on provisions in the contracts which allow companies to pay less taxes as the oil blocks make more profit.
"
'via Blog this'
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