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ECONOMIC REPORT 2015

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1. Foreword 4 2. Industry at a Glance 6 3. Prices and Markets 10 4. Global Reaction to the Oil Price Fall 18 5. Maintaining Competitiveness – Seizing the Cost Efficiency Challenge 22 6. Economic Contribution 32 7. Performance Indicators 42 8. Case Studies 64 9 Appendices 74 a. EU Emissions Trading Scheme 75 b. The Fiscal Regime 77 10. Glossary 80