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Irish Examiner

"Accounts for 2008 have yet to be filed by Shell E&P Ireland. However, in the company’s returns to the end of 2007, they show that accumulated losses were €121m, due largely to developing the Corrib gas field.

The filings show that the losses would have been much higher but for Shell E&P Ireland Ltd receiving tax credits from the exchequer totalling €28m in the four years to the end of 2007, paying no net tax during that period."

— Gordon Deegan - Irish Examiner - 16th Nov 09