RE: Rns7 Oct 2019 09:15
somebody with better knowledge can correct me, but yes they do make a small profit on domestic sales, its not subject to same levies and taxes! It was part of the exploration licence deal, all oil had to be sold at domestic prices, then when production licence is granted an agreed amount (I think its 70% in our case) can be sold at world oil price! Lets be honest if the oil was in your back garden would you let somebody else take it all out without you getting a big bucket full yourself!