Chapter X
STATE MANAGEMENT AND RESPONSIBILITIES OF THE COMMITTEE FOR MANAGEMENT OF STATE CAPITAL AT ENTERPRISES FOR FUNDAMENTAL INVESTIGATION OF PETROLEUM AND PETROLEUM OPERATIONS
Article 65. State management of fundamental investigation of petroleum and petroleum operations
1. The Government shall uniform the state management of fundamental investigation of petroleum and petroleum operations.
2. The Ministry of Industry and Trade shall be responsible before the Government for the state management of fundamental investigation of petroleum and petroleum operations and have the following tasks and entitlements:
a) Promulgate legislative documents, strategies and plans for development of the petroleum industry under its competence or appeal to competent authorities to promulgate them;
b) Formulate, promulgate and guide cost norms, economic and technical norms for fundamental investigation of petroleum and petroleum operations;
c) Consolidate, monitor and report the development and results of hydrocarbon exploration, petroleum extraction, domestic consumption and export of petroleum;
d) Carry out international cooperation;
dd) Guide, disseminate, organize, monitor, inspect and evaluate the implementation of legislative documents on petroleum;
e) Inspect and handle violations and settle complaints and denunciations about fundamental investigation of petroleum and petroleum operations under its competence;
g) Take charge and cooperate with Ministries and ministerial agencies in inspecting and supervising the fulfillment of rights and obligation of PVN prescribed in Article 61 and Article 62 of this Law;
h) Carry out other tasks for state management of fundamental investigation of petroleum and petroleum operations under its competence according to the regulations of this Law.
3. Ministries, ministerial agencies, the Provincial People’s Committees, under their competence in tasks and entitlements, are responsible for cooperating with the Ministry of Industry and Trade in state management of fundamental investigation of petroleum and petroleum operations.
Article 66. Responsibilities of the Committee for Management of State Capital at Enterprises
1. Make enquiries about the use of capitals of PVN when enjoying the participating interest in a petroleum contract, the priority over purchase of the participating interest in the petroleum contract and when performing petroleum operations according to phases of the petroleum contract and the petroleum project, and submit the results to the Ministry of Industry and Trade for consolidation during the process of appraisal of the contents according to the regulations of this Law.
2. Inspect and supervise the contribution to the participation in the petroleum contract, transfer of the participating interest in the petroleum contract and performance of petroleum operations according to phases of the petroleum contract and petroleum project of PVN.