Oil industry taxes come under scrutiny

Independent advisers are being sought by Government to assess if the right tax is being charged for the oil and gas industry.

A review of controversial reliefs for exploration companies will be included in the audit along with the level of other special fiscal arrangements for bigenergy firms.

Pat Rabbitte, Minister for Communications, Energy and NaturalResources, said he wants experts to review if the terms for exploration, development and production are fit for purpose.