Ownership of petroleum in situ or in the ground is important. The owner of petroleum has the right to determine how that petroleum is developed and produced. In some countries, ownership belongs to the person that owns the land (USA), in others, ownership is held by the country or the National government (United Kingdom), and yet in others, the sub-national entities have ownership rights (Canada).
Continue reading “Ownership of Petroleum under the Petroleum Industry Bill 2020”Ownership of Petroleum under the Petroleum Industry Bill 2020
