Bloomberg News

Estonian Ministry Plans Shale Oil Royalty, BNS Reports

March 02, 2012

The Estonian Finance Ministry plans a draft regulation to impose a royalty on the Baltic country’s shale oil producers, Baltic News Service reported, citing Finance Ministry spokeswoman Mailin Aasmae.

A document laying out policy guidelines on royalties is “being finalized” and will be followed by proposed regulations, BNS said.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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