By Jon Rees For The Mail On Sunday: 24 JAN 2016
Shell’s bid to acquire BG Group has been given a boost by news from Brazil that a much feared tax hike will be avoided.
Fears of a larger tax bill on oil groups operating in Brazil had caused some investors to oppose the £36billion takeover of BG, which will create a group with major assets in the South American country.
Brazil’s National Energy Policy Council will this week announce that it will continue with the same way of calculating royalties due from oil and gas.