UKPIA Sets Out Priorities for BREXIT Negotiations and Industrial Strategy

UKPIA Sets Out Priorities for BREXIT Negotiations and Industrial Strategy

Downstream oil industry sets out key priorities for BREXIT negotiations and for a meaningful industrial strategy for the UK.

On Friday 21st October, the UK Petroleum Industry Association published its latest report, titled Fuelling the UK’s Economic Engine, setting 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.

Chris Hunt, Director General of UKPIA, commented: “Essential to achieving a meaningful strategy for the future will be the creation of an environment where industry can deliver and thrive, 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 full report here: Fuelling the UK’s Economic Engine