https://www.taxtmi.com/news?id=69142 Legislation permits private companies to assume full management of oil production and sales after demonstrating financial and technical capacity, while ownership of hydrocarbon reservoirs remains vested in the state. The law allows independent arbitration of disputes and sets a royalty cap of 30 percent with the executive empowered to set project-specific fiscal percentages based on investment and competitiveness. en-us Fri, 30 Jan 2026 11:16:04 +0530 Fri, 30 Jan 2026 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69142 Legislation permits private companies to assume full management of oil production and sales after demonstrating financial and technical capacity, while ownership of hydrocarbon reservoirs remains vested in the state. The law allows independent arbitration of disputes and sets a royalty cap of 30 percent with the executive empowered to set project-specific fiscal percentages based on investment and competitiveness. News - Fri, 30 Jan 2026 11:16:04 +0530 https://www.taxtmi.com/news?id=69142