27. Terms as to production sharing

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Every Petroleum Resources Agreement shall be approved by the Cabinet of Ministers including the fiscal provisions and the production sharing mechanism between the contractor and the State, as shall be negotiated by the

Authority.

Read on from s 28

Part VII

Chief Executive Officer and Staff of the Authority

Read on from Part VII

Part VIII

Petroleum Resources Development Fund

Read on from Part VIII

Part IX

General Provisions

Read on from Part IX