Government policies towards FDI in the Oil and Petroleum sector
Government plays a significant role towards FDI for managing different benefits and problem which arises due to it. Government of nations develop different liberalization policies relevant to the fiscal incentives, investment benefits, tax payment on investment. In many of the countries government frame their rules, regulation, legislations and policies as per their liberalization of oil and petroleum trades. Major objectives of the government policies are to encourage benefits of the FDI in oil and petroleum sector, reduce various limitations such as problem relevant to balance of payments, different environmental and labour problems, etc.
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