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Irish Mirror
Irish Mirror
National
Gordon Deegan

Irish arm of Norway-owned energy firm Equinor Energy had nearly €290m profit in 2021 - and paid no corporation tax

The Irish unit of a Norwegian-owned energy firm last year enjoyed soaring pre-tax profits of €289.8m from its share in the Corrib Gas Field - and paid no corporation tax.

Instead Equinor Energy Ireland Ltd received a corporate tax credit of €89.17 million on its 2021 profits.

A surge in gas prices in the second half of last year contributed to Corrib Gas Partner Equinor recording pre-tax profits of €289.8m for last year.

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