560 Deputy Liz McManus asked the Minister for Communications, Energy and Natural Resources if petroleum leases granted before 1 January 2007, under the terms of his Department’s licensing terms for offshore oil and gas exploration and development 1992, included or were accompanied by an assurance that no changes would be made over the commercial life of the lease to the tax treatment of income and gains arising by virtue of such leases and in particular that no royalties or production related levies would be imposed and the special rate of corporation tax would not be changed; and if he will make a statement on the matter. [39779/08]

Summary

560 Deputy Liz McManus asked the Minister for Communications, Energy and Natural Resources if petroleum leases granted before 1 January 2007, under the terms of his Department’s licensing terms for offshore oil and gas exploration and development 1992, included or were accompanied by an assurance that no changes would be made over the commercial life of the lease to the tax treatment of income and gains arising by virtue of such leases and in particular that no royalties or production related levies would be imposed and the special rate of corporation tax would not be changed; and if he will make a statement on the matter. [39779/08]

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• Offshore Exploration.

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