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Repsol to review 1000 offshore jobs in UK cost-cutting drive

UK government increased headline tax rate for domestic oil and gas companies to 78% last year.

Repsol Resources UK chief executive Ferdinando Rigardo.
Repsol Resources UK chief executive Ferdinando Rigardo.Photo: REPSOL
European energy correspondentLondon
Published 7 March 2025, 12:20Updated 11 March 2025, 06:38
RepsolUK North SeaEuropeWestern Europe