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The Warsaw Voice » Law » September 4, 2012
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Ministries in disagreement over bill on hydrocarbon extraction
September 4, 2012   
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Poland's Finance, Treasury and Foreign Ministers are opposing the draft bill on hydrocarbon extraction as they fear the proposals might deter foreign investors from investing in Poland, the daily Rzeczpospolita writes.

Poland's Environment Ministry, responsible for presenting the draft, patterned the document on Dutch, Danish and Norwegian solutions, wherein the state is allowed to control whether firms do not overinflate costs in order to reduce taxes as well as is able to refuse to grant an exploration/extraction permit to a non-reliable company, the daily wrote.

Finance Minister Jacek Rostowski and Foreign Minister Radoslaw Sikorski fear that such strict state control would deter foreign firms from investing in Poland, while Treasury Ministry Mikolaj Budzanowski sees the need of calling on a state firm which would have shares in every permit as a source of delays in the investment process.
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