Norway, the second biggest supplier of natural gas to Europe, expects 2021 taxes from oil and gas industry to reach a record of NOK295b ($33 billion), 159% more than previously expected, the Norwegian Tax Administration says in a statement.
- Revised figures based on updated information from oil and gas companies
- Increase due to “very high natural gas prices in second half,” the Tax Administration says
- Previous record was in 2008 with NOK247b of taxes net of exploration refunds
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