"What we want to do is move away from a system based on the ordinary hydrocarbon tax
with a very high rate and a very rigid scheme ...
The Hydrocarbons Code of 2000 set gas production royalties at 8% and reduced hydrocarbon taxes
from 75% to 50%, encouraging foreign firms to invest in the country.
The utility's aim for 2010 is to have net interest-bearing debt including full hybrid capital equal to around three times its EBITDA adjusted for special hydrocarbon taxes