Royal Decree 29/78 Authorising the Minister of Agriculture, Fisheries, Oil, and Minerals the Right to Approve Increasing the Stake Assigned from Quintana International Limited Company to Gulf Oman Petroleum Limited Company

We, Qaboos bin Said, the Sultan of Oman

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

Royal Decree 42/1974 Issuing the Oil and Minerals Law,

and Royal Decree 19/1977 Approving the Assignment Issued by Quintana International Limited Company of a 40% Share of Its Stake in the Agreement Entered into Between It and the Government of the Sultanate on 7 December 1975 to Gulf Oman Petroleum Company Limited and Amending the Text of Article 26(2) of the Agreement,

have decreed as follows,

Article 1

The Minister of Agriculture, Fisheries, Oil, and Minerals is hereby authorised the right to approve increasing the stake assigned from Quintana International Limited Company to Gulf Oman Petroleum Limited Company under article I of the mentioned Royal Decree 19/77 and under the same conditions, from 40% (forty per cent) to 50% (fifty per cent), provided that the mentioned increase takes effect from the date of entry into force of this decree.

Article 2

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

Issued on: 18 Jumada Al-Thani 1398
Corresponding to: 25 May 1978

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 148 issued on 1 June 1978.