Wednesday, 11 November 2026

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Government proposes three-tier royalty system for petroleum operations based on water depth

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.

Government proposes three tier royalty system for petroleum operations based on water depth

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.

Read the full story on MyJoyOnline

Source: MyJoyOnline

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