NA passes amended Petroleum Law to unlock resources and drive industry breakthroughs
Investment

NA passes amended Petroleum Law to unlock resources and drive industry breakthroughs

The amended Petroleum Law focuses on five major policy groups: simplifying procedures and increasing decentralization; refining regulations on petroleum contracts and activities; investment incentive policies; developing the value chain, high-tech technical services, and offshore energy; and establishing a legal framework for emission reduction and Carbon Capture and Storage (CCS).