Ruairi Quinn (Dublin South East, Labour)
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Question 162: To ask the Minister for Communications, Marine and Natural Resources the position regarding the review of the State's fiscal regime for the exploration and exploitation of Ireland's offshore natural resources that his Department is currently undertaking; when he expects the review to be concluded and made public; and if he will make a statement on the matter. [20622/06]

Noel Dempsey (Meath, Fianna Fail)
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I recently announced that I have put a review of the current fiscal regime in motion and that my Department will shortly seek tenders to have independent experts assist in this review. Improvements to the fiscal terms will be examined in the context of the current Exploration & Production (E&P) industry climate, taking account of terms applied in other comparable jurisdictions. This process is at an early stage.