THE PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No:
224-TTg
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Hanoi,
April 17, 1995
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DECISION
ON THE ESTABLISHMENT OF THE VIETNAM OIL
CORPORATION
THE PRIME MINISTER
Pursuant to the Law on
Organization of the Government on the 30th of September 1992;
Pursuant to the Regulations on the establishment and dissolution of State
enterprises issued together with Decree No.388-HDBT on the 20th of November
1991 of the Council of Ministers (now the Government);
At the proposal of the Minister-Chairman of the State Planning Committee and
the Minister of Trade concerning the implementation of Decision No.90-TTg on
the 7th of March 1994 of the Prime Minister,
DECIDES :
Article 1.- To set up the
Vietnam Oil Corporation on the basis of the merger of the Oil Corporation and
the Petroleum Company under the Ministry of Trade. The list of the member units
of the Vietnam Oil Corporation is contained in the Appendix attached to this
Decision.
Article 2.- The Vietnam Oil Corporation is composed of :
1. The main office installed at
Number 1 Kham Thien Street, Dong Da district, Hanoi City.
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+ Export, import and trade in
petrol and oil, petrochemical products, materials and equipment in service of
the oil industry and other branches.
+ Conducting business in oil
transportation and oil storages and ports.
+ Conducting surveys, designing
and building and assembling oil and civilian projects.
+ Conducting hotel and tourist
services.
3. Budget allocation and
self-procured capital registered in the application for enterprise
establishment : 1,432,775 million Vietnam Dong.
Article 3.- The Minister of Trade
shall base himself on the model Statute on the corporations set up under
Decision No.90-TTg on the 7th of March 1994 of the Prime Minister and consult
with the Minister-Chairman of the State Planning Committee to ratify the
Statute of the Vietnam Oil Corporation.
Article 4.- The Vietnam Oil
Corporation shall have to register its business, and to conduct its operations
in conformity with the Statute of corporations and other regulations of the
State, and to take responsibility before the State and law for its activities.
Article 5.- This Decision takes
effect from the date of its signing.
The Minister of Trade and the
other Ministers, the Heads of the ministerial-level agencies, the Heads of the
agencies attached to the Government, the Presidents of the People's Committees
in the provinces and cities directly under the Central Government, and the
General Director of the Vietnam Oil Corporation shall have to implement this
Decision.
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FOR THE PRIME MINISTER
DEPUTY PRIME MINISTER
Phan Van Khai
APPENDIX
(attached to Decision No.224-TTg on the 17th
of April 1995 of the Prime Minister)
LIST
OF MEMBER UNITS OF THE VIETNAM OIL CORPORATION
(at the time of the re-establishment of
the Corporation)
1. The Oil Company Sector 1,
2. The Oil Company Sector 2,
3. The Oil Company Sector 3,
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5. The Oil Company B12,
6. The Ha Bac Oil Company,
7. The Bac Thai Oil Company,
8. The Vinh Phu Oil Company,
9. The Ha Son Binh Oil Company,
10. The Ha Nam Ninh Oil Company,
11. The Thanh Hoa Oil Company,
12. The Nghe Tinh Oil Company,
13. The Thua Thien-Hue Oil
Company,
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15. The Phu Khanh Oil Company,
16. The Hau Giang Oil Company,
17. The Ba Ria - Vung Tau Oil
Company,
18. The North Tay Nguyen Oil
Company,
19. The Dong Thap Oil Company,
20. The Lubricant Company,
21. The VITACO Oil Transporation
Company,
22. The Maritime Oil
Transporation Company 1,
23. The Oil and Gas Projects
Designing Company,
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25. The Special Purpose Oil
Materials Company,
26. The Lai Chau General
Materials Company,
27. The Yen Bai General
Materials Company,
28. The Thai Binh General
Materials Company,
29. The Darlac General Materials
Company,
30. The Lam Dong General
Materials Company,
31. The Vinh Long General
Materials Company,
32. The Long An General
Materials Company,
33. The Minh Hai General
Materials Company,
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35. The Cao Bang General
Materials Company.-