We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State issued by Royal Decree 101/96,
the Commercial Companies Law 4/74 and its amendments,
and Royal Decree 7/82 Establishing Oman Oil Refinery LLC and its amendments,
and in pursuance of public interest,
have decreed as follows
Article I
Paragraph (d) is hereby added to article II of the mentioned Royal Decree 7/82 with the following text:
(d) Establishing and operating refineries and projects for the production of petroleum and natural gas derivatives and the export of their products, and contributing to companies operating in the mentioned fields.
Article II
The texts of articles V and VI of the mentioned Royal Decree 7/82 are hereby replaced with the following texts:
Article V
The duration of the company is fifty Gregorian years and may be extended or renewed by royal decree.
Article VI
The company may obtain from the government the crude oil and natural gas it requires in sufficient quantities to achieve its objectives.
Article III
The constitutive contract of the company and its articles of association must be amended in accordance with the provisions of this decree.
Article IV
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 14 Safar 1425
Corresponding to: 4 April 2004
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 765 issued on 17 April 2004.