Decree No. 132/2024/ND-CP on providing for outward investment in petroleum operations.

This Decree provides for outward investment in the forms specified in points a, b, c and dd clause 1 Article 52 of the Law on Investment for participation in carrying out petroleum operations and executing petroleum projects overseas. The Decree establishes a clear framework for the issuance and adjustment of outward investment registration certificates and a structured application process, which includes specific documentation requirements such as tax certifications, project location confirmations, and risk assessments. Additionally, it outlines the responsibilities of various governmental agencies in managing and supervising state-owned enterprises' investments, ensuring adherence to legal standards and promoting transparency in outward investment activities.