Woodside is working on a plan to waive the industry’s Australian oil refining tax

By Sonali Paul

Melbourne (Reuters) – Woodwood Petroleum said Friday it was working with other companies to replace the Australian government’s proposed tax on coastal oil to clean up oil spills at the Timor Sea.

Up to $ 1 billion ($ 723 million) – The government shocked the industry by announcing that it would impose a tax on all coastal oil and gas producers from July 1 to cover the cost of clearing facilities and cleaning up the environment. Around the abandoned Lamina-Coralina plains.

Global majors, led by Chevron Corporation, Exxon Mobile, and the Royal Dutch, have strongly opposed the payment of a refund for the site they knew nothing about, prompting the government to cut taxes.

“Wood Side is working with industry partners,” a spokesman for the company told Reuters on Friday.

North Indovor is a FPSO vessel floating on the Laminia-Coralina oil fields in the Timor Sea, and the owner of the windows, North Oil and Gas Australia (Noga), crashed in 2019.

Anti-Tax Woods bought pressure on Noga to buy wood from Woodwood on the field.

Woodsaid did not comment on whether the alternative plan would include the disbandment of the industrial funded North Endover.

Chevron, Exxon and others did not immediately comment.

Santos Limited declined to comment.

The industry department’s response to the tax proposal has been delayed. Treasury did not immediately comment.

(Reporting by Sonali Paul, edited by Tom Hog and Jerry Doyle)

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