Australia’s oil and gas industry contributed around A$5.8-billion in taxes, rents and royalties in 2017/18, new data by the Australian Petroleum Production and Exploration Association (Appea) has shown.
In its 31st financial survey, Appea showed that the industry had reported a record overall profit of A$6.88-billion during that period, rebounding from a record operating loss of A$7.6-billion in 2016/17.