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.”

Click here to access the report.