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Does "possess sth." mean the ownership? Like: I can use or possess the mineral oil which is under my land, but this doesn't mean I have the ownership of them?

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Possession doesn't necissarily indicate ownership. We might say that the thief was in possession of the stolen goods, but it doesn't mean that he/she is the owner of these goods. Possession is used to describe *having* something as opposed to owning something.

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