3.125
%
Neutral
6
mm boe
10
%
While recent moves to limit production reiterate the absurdity of the country's green movement, the recent elections have put a significant dent in the more outlandish elements of O&G policy. Consequently, we have further upgraded our outlook to Neutral.
January 25, 2024
Europe - North West
mm bbl
bcf
Western Europe, bordering the North Sea, between Belgium and Germany.
Concession
Holders of a Dutch exploration and/or production license are generally subject to (a combination of) the following direct taxes: (i) corporate income tax (“CIT”); (ii) surface rental taxes; (iii) state profit share (“SPS”); and/or (iv) a royalty-based taxation.
The Netherlands is among the largest recipients and sources of foreign direct investment (FDI) in the world. This can be attributed to the Netherlands’ competitive economy, historically business-friendly tax climate, and many investment treaties containing investor protections. The Dutch economy has significant foreign direct investment in a wide range of sectors including logistics, information technology, and manufacturing. Dutch tax policy continues to evolve in response to EU attempts to harmonize tax policy across member states.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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