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Bill: Royal Decree 3651/03 : Creation of Kafuri Oil Company
Details
Submitted by[?]: Banu Razama - Awliyā
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: August 3652
Description[?]:
| His Majesty the Sultan Khalid orders that: Section 1 All hydrocarbon systems in the Sultanate shall be reorganied and merged under the control of the new Kafuri Oil Company. Only this nationally owned Company shall have the authority to drill our petrochemical resources. Section 2 A Board appointed by the Sultan shall run the Company. It's composition shall be > President and CEO > Vice President > Director General of Managing and Planning Organisation > Minister of Economics > Minister of Finance > Minister of Environment > Minister of Science and Technology The Sultan may make changes to the size and composition of the Board as he sees fit. Section 3 The board shall be the decision making body of the Company and shall approve operations, annual budgets, balance sheets and financial statements. Section 4 The KOC shall have limited powers to legislate in relevant areas, with the Sultan retaining a veto. Section 5 The government of Kafuristan shall retain 100% of shares, which shall not be listed publicly. December 28, 3651 |
Proposals
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 325 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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