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Vice Chairman of the National Assembly Nguyen Hong Dien said that, based on the results of the meeting, the National Assembly Standing Committee agreed to submit to the National Assembly for consideration and voting to approve the draft Petroleum Law (amended) after being received and revised according to the conclusions of the 5th Session. Download Minister of Industry and Trade Le Manh Hung presented the report on receiving, explaining and revising the draft Petroleum Law (amended) Afternoon On August 17, continuing the 5th Session, the National Assembly Standing Committee gave opinions on the explanation, reception and revision of the draft Petroleum Law (amended). Vice Chairman of the National Assembly Nguyen Hong Dien moderated the discussion. Before the discussion, the National Assembly Standing Committee listened to Minister of Industry and Trade Le Manh Hung present a report on the reception, explanation, and revision of the draft Law; Deputy Chairman of the National Assemblys Economic and Financial Committee Nguyen Ngoc Bao presented a report of opinions on the content of the proposed agencys proposed reception, explanation and revision of the draft Law. According to the report presented by Mr. Nguyen Ngoc Bao, the Standing Committee of the Economic and Financial Committee basically agreed with the draft Petroleum Law (amended) which has been revised on the basis of maximum absorption of opinions of National Assembly delegates, verification opinions of the Nationalities Council and National Committees. Association. In Report No. 547/BC-CP, the Government explained the basis for receiving, revising, explaining and clarifying opinions; At the same time, he affirmed that he had reviewed the draft according to the principles stated in Conclusion No. 101/KL-UBTVQH16 dated July 14, 2026 of the National Assembly Standing Committee on the Law project. The Draft Law has been revised with many contents, including the concept of oil and gas activities; the authority of the Prime Minister, the Ministry of Industry and Trade and the Vietnam National Industry and Energy Group (Petrovietnam); carbon capture and storage (CCS) activities associated with oil and gas activities; Developing offshore projects associated with oil and gas activities; preferential policies in oil and gas activities; resource exploitation policies for mines, mine clusters, and oil and gas blocks for salvage exploitation; oil and gas contracts and cost handling mechanism for Petrovietnam Group. Download Vice Chairman of the National Assembly Nguyen Hong Dien concluded the meeting. In concluding remarks, Vice Chairman of the National Assembly Nguyen Hong Dien stated clearly that the Standing Committee of the National Assembly highly appreciated the Standing Committee of the Economic and Finance Committee for actively and closely coordinating with the drafting agency in the process of absorbing and completing the draft Law; At the same time, he agreed with many contents of reception, explanation, and revision. The Standing Committee of the National Assembly requested the Government to direct the drafting agency to coordinate with the Ministry of Justice to continue to review and fully absorb the opinions of the members of the Standing Committee of the National Assembly at the session, the Standing Committee of the Economic and Finance Committee and National Assembly delegates to complete the draft Law. At the same time, urgently develop and promulgate documents detailing and guiding the implementation of the Petroleum Law (amended), ensuring consistency with the policies and principles stipulated in the Law and relevant legal documents. In particular, it is necessary to clearly stipulate the coordination mechanism and process, ensuring the management model of upstream oil and gas activities operates smoothly and effectively after there is a major change in decentralization, decentralization, and delegation of power to the Ministry of Industry and Trade and the Ministry of Industry and Trade. Petrovietnam.For oil and gas activities and projects, especially field development projects with synchronous chains of works and equipment on land and at sea, there needs to be appropriate regulations for smooth and effective implementation, contributing to ensuring energy security, socio-economic development and protecting sea and island sovereignty. Regarding Petrovietnams expenses, it is necessary to fully and clearly regulate the principles for determining responsibilities and mechanisms for handling each expense; At the same time, establish a mechanism for inspection, supervision, strict control, prevention and control of loss, waste and negativity, in accordance with the spirit of Regulation 178 of the Politburo on controlling power, preventing and combating corruption and negativity in law-making work. The handling of expenses Petrovietnam carries out on behalf of the States obligations to the host country must ensure transparency and compliance with regulations. The Government is responsible for reporting and asking for opinions from competent authorities for each specific case before considering and deciding, especially the obligations that Petrovietnam has performed on its behalf after the 2022 Petroleum Law takes effect but have not been handled in the spirit of Resolution 31 of the National Assembly. The National Assembly Standing Committee also requests the Government to continue to carefully research and fully and specifically regulate the implementation of carbon capture and storage activities. (CCS) associated with oil and gas activities, especially after the end of oil and gas exploitation activities. The regulations need to ensure a complete legal basis, feasibility and conformity with the principles of the Petroleum Law, creating a basis for consistent and effective implementation in practice. Vice Chairman of the National Assembly Nguyen Hong Dien said that based on the results of the meeting, the National Assembly
