Unipetrol protests Czech windfall tax proposal, warning to refinery investment stability
Orlen unit Unipetrol says a proposed Czech windfall tax would undermine refinery modernization and development, could jeopardize fuel supply stability and economic and energy security amid heightened geopolitical tensions, and raises constitutional concerns including retroactive effects and applying only to a single company.
's Unipetrol said a Czech windfall tax proposal would significantly weaken its ability to invest in modernization and development of its refineries. The unit said stability of fuel supplies in the Czech Republic, along with the country's economic and energy security, could be put at risk amid heightened geopolitical tensions. Unipetrol also said the proposal raises serious constitutional concerns because of its retroactive effect and because it would apply to only a single company. Reporting by Jan Lopatka in Prague; editing by Jason Hovet.
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