Petroleum Authority of Brunei Darussalam Act · s 28

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s 28Transfer and vesting of mineral rights of Company

(1)

On the appointed day, the mineral rights of the Company shall be transferred to and shall vest in the Authority, and His Majesty the Sultan and

Yang Di-Pertuan in Council hereby grants to the Authority all such mineral rights.

(2)

The Company shall, on and from the appointed day, ceaseia have such mineral rights.

Petroleum Authority 34

of Brunei Darussalam

Company to cease to have authority to negotiate petroleum mining