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Royal Decree

Royal Decree 10/78 Approving the Assignment Issued by Alf Sumitomo Group to Wintershall Aktien-Gesellschaft

1978/10 10/1978 78/10 10/78

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,

Decree 42/74 Issuing the Oil and Minerals Law,

the Oil Agreement entered into between the Government of the Sultanate and the Alf Sumitomo Group on 14 May 1975, in particular article 21 of it,

and the assignment by Alf Sumitomo Group to Wintershall Aktien-Gesellschaft of an undivided share of 20% of its interest, rights and obligations in the mentioned agreement and the acceptance of Wintershall Aktien-Gesellschaft of this assignment on 30 December 1977,

and in pursuance of public interest,

have decreed as follows

Article 1

The assignment by Alf Sumitomo Group of an undivided share of 20% of its interest, rights, and obligations in the mentioned agreement entered into between it and the Government of the Sultanate on 14 May 1975 to Wintershall Aktien-Gesellschaft is hereby approved, which accepts the assignment in accordance with its declaration dated 30 December 1977. The provisions of article 21 of the mentioned agreement hereby apply to this assignment.

Article 2

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 18 Rabi Al-Thani 1398
Corresponding to: 27 March 1978

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 144 issued on 1 April 1978.