ERHC Energy Inc (ERHE)

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Rafael Branco: "The fiscal regime should move the oil-producing" 2007-07-02 19:16:59

http://www.jornal.st/noticias.php?noticia=2816

Saint Tomé - THE National Agency of Oil of Saint Tomé and Prince received a seminary about the economy of the Oil destined to the technicians of the agency and of others sectors of the central administration of the State. Second Rafael White the fiscal regime of be beneficial for the State, but does not must "scare away" the oil-producing companies. The event fit in the scope of the study for conception and development of the model económico of the oil-producing exploitation in the zone económica exclusive of the archipelago and is going to inform the participants of the strategies of oil-producing negotiation.

It oriented by the firm AUPEC-Aberdden University Petroleun Economic Consultants and $ with the technical aid of the World Bank also was administered by the Consultants John Symons and Gerardo Artiaga.

Rafael White, director of the department económico of the agency, in his intervention said that was second seminary of the género it to be performed.

"It is the end of the trial of formation that had beginning since Monday", said Rafael White increasing: "It was destined to the charts of the agency and we find for well in the last day open part of this formation to other persons, especially to the economist and persons connection to fiscalidade".

"We did initially a formation about the prospectividade of the oil, all the formations are part of a plan of work that is part of strategic objective that the agency set for the trial of exploitation of the oil in S. Tomé and Prince".

Second Rafael White "speak of the economy of the oil is speak of the costs that are involved in the exploitation, in the research and in the output of oil".

This fear that is related with taxes, profits and a fair compensation that the State should obtain of the companies that anger explore the oil santomense.

"That is an equilibrium that has sought-after with a lot caution and intelligence", increased Blank that underlines: "itself the State is going to receive a lot can create incentive the company for come to explore, to only way of us we will benefit of the oil is going to obtain that the companies are going to explore the costs involved in the exploitation of the oil are very high, already there is equipment that cost four biliões of dollars and with that the companies do his calculations económicos and even though have oil the profits that they think Of these exploitations do not be sufficiently attractive they simply do not put in office" and highlights that not "is motive of desmotivação".

"The Government should have attention that does not be able to, bigger part of his wealth does not go for outside, an equilibrium that itself is going to obtain through the construction of a fiscal regime that be beneficial for State but that scare not away the oil-producing companies" said Rafael White.