The Polish government will present the hydrocarbons tax bill in the first part of Q1 2013, Environment Minister Marcin Korolec told a news conference on Thursday, underlining that translating the assumptions of the bill approved in October 2012 into a bill "requires time."

The assumptions approved by the government in October foresee taxing hydrocarbons extraction at 40% of the companies' profits, including a 5% tax on gas extraction, a 10% tax on crude oil extraction, a 25% special crude tax, CIT and an exploration tax of PLN 24 per 1000 cubic meters.

Revenues from taxation of hydrocarbon extraction would be divided between the central and regional budgets, the assumptions showed. In the assumptions, Poland also eyes establishing a national energy mineables operator NOKE.