Government proposes three-tier royalty system for petroleum operations based on water depth
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The government is suggesting a new royalty framework for petroleum operations. Under this proposal, payments will be decided by a three-tier sliding scale. This scale is based on the water depth of oil and gas projects.
The government is proposing a new royalty framework for petroleum operations, with payments to be determined under a three-tier sliding scale linked to the water depth of oil and gas projects.