Germany's Wintershall slams high North Sea fees

摘要

Berlin-German upstream company Winter-shall has criticized the northern German states of Schleswig-Holstein and Lower-Saxony for demanding high royalty payments for the extraction of oil and natural gas from the German North Sea. Wintershall's upstream chief Ties Tiessen said during the World Gas Conference in Buenos Aires last week that this was "damaging the whole industry" and that the northern German federal states did not think long-term but were "only interested in their earnings from today."