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Royal Decree

Royal Decree 50/79 Approving the Transfer Issued by Cluff Limited to Cluff Oil (Australia) NL.

1979/50 50/1979 79/50 50/79

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,

and the Oil Agreement entered into between the Government of the Sultanate and Cluff Oil Limited on 16 September 1978, in particular article 21 of it,

and the assignment by Cluff Limited to Cluff Oil (Australia) NL. of an undivided share of 10% of its interest, rights, and obligations in the mentioned agreement and the acceptance of Cluff Oil (Australia) NL. of this assignment on 10 May 1979,

and in pursuance of public interest,

have decreed as follows

Article 1

The assignment by Cluff Oil Limited of an undivided share of 10% of its interest, rights, and obligations in the mentioned Oil Agreement to Cluff Oil (Australia) NL is hereby approved. The latter company retains the option to acquire an additional undivided share of 10% of those rights and obligations.

Article 2

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

Issued on: 24 Ramadan 1399
Corresponding to: 18 August 1979

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 177 issued on 1 September 1979.