This report is a summary of panel discussion concerning environmental protection and petroleum business. Summarized here are country presentations from Iraq, Malaysia, Saudi Arabia, and Venezuela, comments by two Japanese panelists from petroleum companies, questions, answers, and discussions, and summary by the session moderator. The country presentation centered on pollution problems and environmental protection policies in each country, national policy regarding environmental problems, and comprehensive planning for environmental protection in specific industrial areas. The panelists' reports mainly concerned the legal framework for environmental protection in Japan and the importance of investment for environmental protection. Questions and answers clarified the problems. The moderator, when summarizing the panel discussion, stressed that environmental problems should be addressed on a global level and that early preventive measures should be taken, and also emphasized the polluter pays principle.