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,
the Commercial Companies Law 4/74 and in accordance with the provisions of article 132 of it,
and Royal Decree 50/80 Establishing Petroleum Development Oman Limited Liability Company,
and in pursuance of public interest,
have decreed as follows
Article 1
The five members representing the stake of the Sultanate in the Board of Directors of the mentioned Petroleum Development Oman Company are hereby appointed in accordance with the text of the first paragraph of article ten of its constitutive contract as follows:
(a) Three members representing the Ministry of Petroleum and Minerals, including the chairman of the Board of Directors, and they are selected by the Minister of Petroleum and Minerals.
(b) A member representing the Directorate General of Finance, selected by the Deputy Chairman of the Financial Affairs Council.
(c) A member representing the Development Council, selected by the Assistant Chairman of the Development Council.
Article 2
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 7 Sha’ban 1400
Corresponding to: 21 June 1980
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 197 issued on 1 July 1980.