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 Commercial Companies Law 4/74,
Royal Decree 4/74 Issuing the Law on Foreign Trades and Foreign Capital Investment and its amendments,
and Royal Decree 33/74 Regarding Companies Established by Royal Decree,
and in pursuance of public interest,
have decreed as follows
Article 1
The establishment of an Omani limited liability company under the name of “Petroleum Development Oman Company”, a limited liability company with a capital of eight million six hundred thousand Rial Omani (8,600,000) between the Government of the Sultanate of Oman, Shell Oil Company Limited, the French Petroleum Company SA, and Partex Oman Company, is hereby authorised, in accordance with the provisions of the attached agreement and constitutive contract both signed on 1 Rajab 1400, corresponding to 15 May 1980.
Article 2
The company referred to in the preceding article shall abide by the provisions of the original agreement dated 7 March 1967, concluded with Petroleum Development (Oman) Limited, a British company, and any amendments made to it. It shall also abide by the provisions of the laws of the Sultanate, taking into account the provisions of the attached agreement and constitutive contract.
Article 3
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 16 Rajab 1400
Corresponding to: 31 May 1980
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 196 issued on 15 June 1980.