Conoco Boss: New Investment Likely If Tax Structure Changes

Associated Press
The chairman and chief executive officer of ConocoPhillips says his company stands ready to invest substantially in Alaska to increase petroleum production if the state changes its tax structure.

Jim Mulva spoke this morning at a breakfast meeting in Anchorage. Mulva embraced Governor Sean Parnell’s goal of boosting pipeline throughput from 600,000 barrels per day to a million barrels within 10 years.

Mulva says company projects already identified such as a gas partial-processing plant and a new drill pad with 50 new wells likely will move forward if the tax is changed.

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