Decision No. 198/2006/QD-TTg approving the scheme on the formation of the Viet Nam National Oil and Gas Group.

This Decision approves the formation of the Viet Nam National Oil and Gas Group. The Viet Nam National Oil and Gas Group shall have multiple owners, with the State holding the dominant share of capital. The aims of the group are to: undertake oil and gas exploration, exploitation, processing and distribution; combine production and business activities with scientific and technological research; raise its competitiveness; integrate into the international economy; and ensure energy security for national development.