EXCLUSIVE- FinMin to impose a real estate tax on oil and gas developments: The Finance Ministry is planning to impose a real estate tax on oil and gas assets, according to documents seen by Enterprise. The move appears to have been in the works for some time and according to the documents, the Finance Ministry, the EGPC and oil and gas companies have been holding meetings on how this real estate tax would be imposed. It is not yet clear whether an agreement had been reached with foreign and local energy companies with regards to the tax. Nonetheless, the ministry had drafted a framework and formula for how the new tax would work and sent it to the Oil Ministry for approval and sign off.
