Ampol seeks oil price changes
'• (N.Z. Press Assn—Copyright) I SYDNEY, i i Ampol Exploration. Ltd., ! says in a submission to the 1 Industries Assistance Com-1 : mission that the Australian j 'Government’s present oil-j : price policy is inconsistent i ' with the sound allocation of; I resources. ' “These policies reduce the| I incentive to invest in oil i exploration, and therefore I will tend to delay an in- ■ crease in the domestic supply of oil.” the company savs. The LA.C. is investigating| tax concessions, and incentives to the petroleum) and mining industry. Ampol Ex believes that a I multiple-pricing structure .should be introduced to encourage explorers to (develop smaller fields disi covered in remote areas.
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Bibliographic details
Press, Volume CXV, Issue 33858, 2 June 1975, Page 10
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113Ampol seeks oil price changes Press, Volume CXV, Issue 33858, 2 June 1975, Page 10
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