We, Qaboos bin Said, the Sultan of Oman
after perusal of Law 47/75 Regarding the Signing of Foreign and Domestic Financial Transactions,
the oil agreement concluded between the Government of the Sultanate and Oman Oil Company Limited on 7 March 1967, its amendments, and annexes,
based on the matters presented to Us by the Minister of Agriculture, Fisheries, Oil, and Minerals after its review by the Diwan of Legislation,
and Our desire to encourage investments in the development of oil fields in the south and the north,
have decreed as follows,
Article 1
His Excellency the Minister of Agriculture, Fisheries, Oil, and Minerals is hereby authorised to approve and sign on Our behalf the contract amending the mentioned Oil Agreement concluded between the Government of the Sultanate and Oman Oil Company Limited on 7 March 1967, in accordance with the draft amendment reviewed and approved by the Diwan of Legislation.
Article 2
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 23 Jumada Al-Awwal 1397
Corresponding to: 11 May 1977
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 126 issued on 1 June 1977.