Royal Decree 13/84 Approving the Assignment of IEDC Oman Company of Part of Its Share in the Petroleum Agreement of 1981

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,

Royal Decree 42/74 Issuing the Oil and Minerals Law,

Royal Decree 61/81 Ratifying the Petroleum Agreement Signed on 4 July 1981 Between the Government of the Sultanate and a Group of Companies,

the assignment by International Energy Development Corporation, B.V. of all its rights and obligations in the agreement to its subsidiary, IEDC (Oman) LTD, which in turn assigned 50% of its total mentioned rights and obligations to the Kuwaiti company, KUFPEC,

and the acceptance by the Kuwaiti company KUFPEC of this assignment,

and the approval of the Minister of Oil and Minerals of the mentioned assignments, as set out in his letters dated 12 October 1982 and 2 November 1983, respectively,

and in pursuance of public interest,

have decreed as follows

Article 1

The assignment by IEDC (Oman) of 50% of its rights and obligations in the mentioned petroleum agreement to KUFPEC is hereby approved, so that the shares of the companies in the agreement become as follows:

The provisions of article 21 of the agreement apply to this assignment.

Article 2

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

Issued on: 20 Jumada Al-Awwal 1404
Corresponding to: 22 February 1984

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 283 issued on 1 March 1984.