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 84/89 by which International Petroleum Corporation assigned 10% of its rights and obligations in the mentioned petroleum agreement to Satellite Exploration AB,
the contract dated 26 September 1989 by which International Petroleum Corporation assigned 5% of its rights and obligations in the mentioned petroleum agreement to Graoten Oil AB, which accepts this assignment,
and the letter of the Minister of Oil and Minerals dated 22 May 1991 approving that assignment,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by International Petroleum Corporation of 5% of its rights and obligations in the mentioned petroleum agreement signed on 4 May 1987 to Graoten Oil AB is hereby approved. The final shares of the parties to the agreement are as follows:
85% International Petroleum Corporation.
10% Satellite Exploration.
5% Graoten Oil AB.
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 6 Dhu Al-Hijja 1411
Corresponding to: 19 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.