Contents of the State management over petroleum activities

17:43, 01/01/2004

The Law on Petroleum 1993 of Vietnam was promulgated on July 05, 1993, regulating petroleum activities. A notable content of this Law is the regulation on contents of the State management over petroleum activities.

Specifically, according to Article 38 of the Law on Petroleum 1993 of Vietnam, contents of the State management over petroleum activities include:

1. Deciding on strategies, plannings, plans and policies for development of the petroleum industry;

2. Promulgating normative documents on management of petroleum activities;

3. Examining, inspecting and supervising petroleum activities;

4. Deciding on delimitation and adjustment of lots or areas for petroleum prospection, exploration and exploitation;

5. Deciding on undertakings and forms of cooperation with foreign countries;

6. Approving petroleum contracts;

7. Deciding on policies to promote or limit petroleum export in order to ensure the State’s interests, taking into account the contractors’ interests;

8. Directing, guiding and examining branches and localities in their activities related to petroleum activities;

9. Settling matters related to the rights to conduct petroleum activities, handles violations of this Law.

View relevant provisions at: The Law on Petroleum 1993 of Vietnam takes effect from September 01, 1993.

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