Page 7 - The Persian Gulf Historical Summaries (1907-1953) Vol III_Neat

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A COLLECTION OF OIL AGREEMENTS AND CONNECTED
DOCUMENTS RELATING TO THE PERSIAN GULF
SIIAIKIIDOMS AND THE SULTANATE OF
MUSCAT AND OMAN
CONTENTS
PART I
BAHRAIN
Page
No. 1.—Concession Agreement between the Eastern and General Syndicate Limited
and the Ruler of Bahrain, dated December 2, 1925—(as revised up to
January 12, 1934) ......................................................................................... 11
(а) Indenture No. 1, dated June 12, 1930, between the Eastern and General
Syndicate Limited and the Ruler of Bahrain prolonging till Decem­
ber 2. 1930, the Exploration licence period granted under the
1925 Concession Agreement, and recognising the transfer by the above
company to the Bahrein Petroleum Company of all the rights granted
under the same 1925 Concession Agreement.............................................. 17
(б) Indenture No. 2, dated February 15, 1933. between the Bahrein Petroleum
Company and the Ruler of Bahrain modifying and supplementing the
provisions made in Articles VI and IX of the 1925 Concession Agreement
for payment of oil royalties and publication of the Company’s yearly
accounts ................................................................... ............. 19
(c) Supplementary Agreement, dated November 21, 1933, between the Bahrein
Petroleum Company and the Ruler of Bahrain, extending for a period
of 13 months from December 2. 1933, the Prospecting licence granted
under the 1925 Concession Agreement, and setting out the conditions in
regard to the monthly payments to be made to the Ruler under the
Concession Agreement ................................................................... 20
No. 2.—Mining Lease made between the Bahrein Petroleum Company and the Ruler of
Bahrain, granting the Company exclusive rights for prospecting, drilling and
constructing refineries for a period of 55 years from January I, 1935. dated
December 29, 1934 .............................................................................. 21
(а) Deed of Modification, dated June 3. 1936, made between the Bahrein
Petroleum Company and the Ruler of Bahrain, amending the provisions
of Article III of the Lease in regard to taxation on oil royalties and on
imported crude oil for consumption in Bahrain ................................... 30
(б) Deed of Further Modification, dated June 19. 1940, made between the Bahrein
Petroleum Company and the Ruler of Bahrain whereby the Mining Lease
is extended to cover all “ the Sheikh’s present and future dominions ”
known as the “ Additional Area ” ......................................................... 31
(c) Agreement between the Bahrein Petroleum Company and the Ruler of
Bahrain, whereby Article XIX of the Mining Lease is to be disregarded
until such time as both parties consider it necessary, dated October 18, 1941 34
(d) Letter, dated December 20, 1949, from the Adviser to the Government of
Bahrain to the Bahrein Petroleum Company, requesting that for a period
of 10 years commencing on January 1, 1950, an increase be made in the
royalty rate paid to the Ruler of Bahrain under the 1934 Mining Lease ... 35
(e) Letter, dated April 12, 1950. from the Bahrein Petroleum Company to the
Ruler of Bahrain agreeing to the proposals contained in (</) above for the
revision of oil royalties ................................................................... 36
(/) Letter, dated April 18. 1950, from the Ruler of Bahrain to the Bahrein
Petroleum Company acknowledging receipt of (e) above ............. 36
(g) Letter, dated June 28. 1951. from the Bahrein Petroleum Company to the
Ruler of Bahrain, informing the latter of the Company’s decision to make
as from June 1, 1951, additional monthly payments to him of
5,00,000 Rupees .............................................................................. 36
(/i) Letter, dated July 21, 1951. from the Bahrein Petroleum Company to the
Ruler of Bahrain conveying the assurance that the payments at 0?) above
will be continued as a temporary measure until some comprehensive plan
has been drawn up .............................................................................. 37
No. 3.—Political Agreement between His Majesty’s Government and the Bahrein
Petroleum Company relating to the Mining Lease of December 29. 1934. and
the subsequent Deeds of Modification at No. 2 (a) and (6) above, dated
June 29, 1940 .................................................................................................... 37
(a) Memorandum, dated August 2. 1940, made between His Majesty’s Govern­
ment and the Bahrein Petroleum Company whereby the Company agrees
to abide by the terms of the Political Agreement of June 29, 1940.
and recognises the Ruler’s right to terminate the Concession should the
Company fail to observe any of the terms of the Agreement ............. 40
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