帮忙下一段翻译

来源：百度知道 编辑：UC知道 时间：2024/05/30 11:02:42
In October 2007, President Correa signed a decree establishing a 99 percent windfall tax on oil company profits, up from the 50 percent rate established in 2006. The tax takes effect whenever Ecuador’s oil export basket exceeds $24 per barrel; while Ecuador’s export basket trades at a substantial discount to world benchmark crude prices like WTI, it was well higher than this threshold level in 2007 and expected to remain so in the short-term. The decree offered an alternative to the higher tax levels: oil companies could agree to transition their projects to service agreements, where they would produce oil on behalf of the government for a fee. However, under these deals, the companies would transfer existing investments at the field to the government and would no longer be able to book (for accounting purposes) oil reserves at the field. According to media reports, companies continued to negotiate the terms of the new policies with the Ecuadorian government in early 2008.

In October 2007, President Correa signed a decree establishing a 99 percent windfall tax on oil company profits, up from the 50 percent rate established in 2006. The tax takes effect whenever Ecuador’s oil export basket exceeds $24 per barrel; while Ecuador’s export basket trades at a substantial discount to world benchmark crude prices like WTI, it was well higher than this threshold level in 2007 and expected to remain so in the short-term. The decree offered an alternative to the higher tax levels: oil companies could agree to transition their projects to service agreements, where they would produce oil on behalf of the government for a fee. However, under these deals, the companies would transfer existing investments at the field to the government and would no longer be able to book (for accounting purposes) oil reserves at the field. According to media reports, companies continued to negotiate the terms of the new policies with the Ecuadorian government in early 2008.
2007