Royal Decree 8/81 Amending Some Provisions of the Oil Agreement Between the Sultanate and the Sun Petroleum Group Signed on 4 February 1973

Arabic

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 petroleum agreement signed with Sun Petroleum Group on 4 February 1973, and amended on 15 February 1974,

the assignment agreement concluded between the Sun Petroleum Group and Amoco Oman Company, ratified by Royal Decree 61/78,

based on the assignment agreements made between some companies, Sun Petroleum Group, and Amoco Company in accordance with the provisions of article 23 of the petroleum agreement signed with Sun Group on 4 February 1973,

and based on the draft of the second amendment contract to the petroleum agreement signed with the mentioned Sun Group, dated 30 June 1980,

and in pursuance of public interest,

have decreed as follows

Article 1

The Minister of Oil and Minerals is hereby authorised to approve the assignments made between the group of companies holding the concession right, so that the final shares are as follows:

The provisions of article 23 of the original agreement dated 4 February 1973 apply to these assignments.

Article 2

The Minister of Oil and Minerals is hereby authorised to sign the mentioned second amendment contract to the petroleum agreement signed with Sun Group on 4 February 1973.

Article 3

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

Issued on: 10 Rabi Al-Awwal 1401
Corresponding to: 17 January 1981

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 210 issued on 1 February 1981.