Circular No. 50/2012/TT-BCT promulgating the National Technical Regulation on Risk Acceptance Criteria used for Quantitative Risk Assessment (QRA) of petroleum, oil and petrol, chemical, thermal power activities.

On December 28, 2012, the Ministry of Industry and Trade issued the Circular No. 50/2012/TT-BCT promulgating the National Technical Regulation on Risk Acceptance Criteria used for Quantitative Risk Assessment (QRA) of petroleum, oil and petrol, chemical, thermal power activities.

Under this Circular, 06 petroleum activities must be assessed according to characteristics of risk including: the offshore petroleum exploration and extraction; The offshore conveyance of petroleum and petroleum products in pipeline; The onshore conveyance of petroleum, petroleum products, oil and petrol in pipeline; The export, import,storage of petroleum, petroleum products, oil and petrol at warehouses and ports; The activities of construction, installation, operation, renovation, and dismantlement of the construction serving the chemical production and processing; The factories that produce industrial explosives and precursor substances of explosives. For the acceptable levels of risk applicable to onshore conveyance of petroleum and petroleum products in pipeline, the highest acceptable level of risk: 1.00E-03; the broadly acceptable level of risk: 1.00E-06….For acceptable levels of risk applicable to the offshore exploration, extraction, storage, and treatment of petroleum, the highest acceptable level of risk: 1.00E-03; The broadly acceptable level of risk: 1.00E-05 and the highest acceptable level risk of rescue and escape instrument failure: 1.00E-03. This Circular takes effect on February 14, 2013.

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