Key priorities for the downstream oil industry

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Last Friday (21st October) the UK Petroleum Industry Association published its latest report – Fuelling the UK’s Economic Engine. The report sets out the key priorities for the downstream oil sector for a new relationship with the European Union and for a meaningful industrial and energy strategy that works for the whole UK.

The report outlines the challenges ahead for the sector and the potential policy solutions that will enable the creation of an environment where industry can deliver and thrive.

“Essential to achieving a meaningful strategy for the future will be the creation of an environment where industry can deliver and thrive,” said Chris Hunt, director general of UKPIA. 

“This involves getting the nation’s energy policy right, recognising the strategic value of the downstream oil sector, today and in years to come, and realising a secure energy future through a clear, stable and well-designed legal, fiscal and regulatory framework.” 

Read the report at http://bit.ly/2ep9lQ4

  

 

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