Taxes from North Sea vital to prosperity of Scotland

The oil and gas industry is vital to Scotland’s future, and the wealth it brings, if properly managed, could pay for public services that make real differences to the lives of everyone in this country.

Figures released by Oil and Gas UK last week show that the industry has seen £20billion of investment in the last two years alone.

The report by the industry body states that production from these last two years will rise to half a million barrels of oil a day by 2017.

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