The draft revisedPetroleum Law comprises 11 chapters and 64 articles, clarifies six groups ofpolicies that have been approved by the NA in Resolution No.17/2021/QH15.
The policies includethose on the framework for the implementation of oil and gas projects in chain,the investment incentives and special preferential policies for oil and gasprojects in lots through petroleum contracts, and the accounting, auditing,settlement and handling of expenses in oil and gas activities.
Also on June 3, aspart of their ongoing third session, the legislators will listen to theGovernment’s proposal on the law on amendments and supplementations to a numberof articles of the Law of Radio Frequencies, and a verification report on thebill.
According to theproposal, the amendments and supplementations aim to institutionalise theParty's resolutions on comprehensively and synchronously completing thesocialist-oriented market economy institution, creating a favourable environmentfor effective mobilisation, allocation and use of radio frequencies and satelliteorbits.
The bill has been madeto become coherent with the relevant international laws and treaties.
In the afternoon, the deputies will discuss in groups the draft Petroleum Law(revised) and the law on amendments and supplementations to a number ofarticles of the Law of Radio Frequencies./.