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High hopes for an independent Scotland's oil wealth

The Scottish are due to vote in 18 months on whether to leave the UK - taking with them the majority of the UK's oil and gas production

After more than 300 years of often-uneasy union with England, Scotland is approaching a referendum which could lead to its independence. The Scottish government, dominated by the Scottish National Party, argues that the possible new state will own 78% of the UK's hydrocarbons production and 94% of its oil and gas tax revenue - a wonderful start to independent life for a country with a population of just 5.3 million. Although support for Scottish nationalism has grown strongly since the Scottish parliament was established in 1999, full independence might be a step too far for some voters - so nationalists have an interest in talking-up an independent Scotland's economic prospects. With the la

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