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 42/74 Issuing the Oil and Minerals Law,
Royal Decree 19/77 and Royal Decree 29/78, by which Quintana International Limited assigned 50% of its original stake in the mentioned petroleum agreement to Gulf Oman,
the assignment by Occidental Exploration and Production Company of all its rights and obligations in the mentioned petroleum agreement to its subsidiary “Occidental Oman”,
and the approval of the Minister of Oil and Minerals in his letter dated 26 December 1981, on the assignment by Quintana International Limited of another 15% share of its stake to Occidental Oman, which accepts this assignment,
and in pursuance of public interest,
have decreed as follows
Article 1
The Minister of Oil and Minerals is hereby authorised to approve the assignment by Quintana International Limited to Occidental Oman of an additional undivided share of 15% of its stake in the mentioned petroleum agreement of 1975. This assignment includes all the interests and rights of the assigning company in that agreement and is subject to the provisions of article 21 of it. Accordingly, the final shares of the parties to the agreement are hereby as follows:
– 20% Quintana International Limited.
– 35% Gulf Oman.
– 45% Occidental Oman.
Article 2
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 10 Rabi Al-Thani 1402
Corresponding to: 4 February 1982
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 235 issued on 15 February 1982.