The Constituent and Assembly adopted the following law:

Article 1. The updated agreement signed on 25 February 1962 between the Government of the Syrian Arab Republic and the representative of the Al-Tabine Line Company across the Arab Republic (Tablanin) and the books attached thereto is ratified.

Article 2. Ministers of State are responsible for implementing the provisions of this Act.

Article 3. This law is published in the Official Gazette.

Damascus: 27/09/1381, 3/ 3/62 M.

Al-Quds al-Quds

Published by the President of the Republic

Deputy Prime Minister Prime Minister

Full agreement.

On the 25th day of February 1962, this agreement was concluded in Damascus, Syria, between the Government of the Syrian Arab Republic (named after the Government), represented by His Excellency the Minister of National Economy, Dr. Aden Al-Qultly, and His Excellency the Minister of Finance, Dr. Rashid Al-Dakr, and the pipeline company across the Arab country (named after the company), a company based in the State of Delaware, United States of the United States of America, represented by John Nobel, the head of the said company.

The following:

1. This agreement (named " full agreement " ) is complementary to the Convention on the Regulation of the Traffic in Mineral Oils in the Territory of the Syrian Arab Republic (hereinafter " the Convention " ), which took place on the first day of September 1947 between the Government of the Syrian Arab Republic and the company and, upon its entry into force, becomes an integral part of the Convention, read with it as one.
2. As from the date of entry into force of this full agreement and the duration of the remainder of the Convention and without prejudice to any fee or payment mentioned in the Convention or any other agreement between the two Panels, the Government and the company have agreed on an additional traffic payment which, when added to the instalment provided for in article IV of the Convention, would result in a total of 1.80 cents in the United States currency for every 100 barrels of crude oil per mile to be transported within the territory of the Syrian Arab Republic.
In accordance with item 2/ above, the company undertakes, under this agreement, to pay to the Government during the remainder of the Convention, for each barrel of crude oil transported after the date of entry into force of this agreement through the territory of the Syrian Arab Republic by the company ' s pipeline and, if added to the instalment provided for in article IV of the Convention, to the Government for a total of 1.433 cents of the United States currency per barrel.
The Government agrees to accept this amount while retaining all its rights under the agreements between the Governments of Syria and Lebanon of 10 June 1947 and 28 January 1949.
The company also agrees to implement, as from the date of entry into force of this completed agreement, and in accordance with the appropriate written instructions that may be issued to the company by the Governments of Syria and Lebanon, any arrangement that the two Governments may make concerning the location of the traffic charges and the positions which the company may or may have to perform under their agreements with the two Governments concerned.
4. The company shall maintain full and correct accounts of the quantities of crude oil referred to in section 3/ of this updated agreement and the authorized representatives of the Government shall be entitled to have access at all reasonable times to the restrictions of the company containing those accounts and shall be free to take abstracts from them and shall be entitled to inspect the measurements under which the quantities were obtained.
5. This conclusive agreement confirms the Convention, the Agreement of 31 May 1952 and all the arrangements between the Government and the company, all of which regulate and govern relations between the Government and the company.
6. The company agrees with the provisions of this updated agreement that it will pay to the Government $10 million as a comprehensive and final settlement of all disputes and disputes and the Government ' s demands for increased revenues from the passage of crude oil through the territory of the Syrian Arab Republic for all periods prior to the date of entry into force of this completed agreement. This amount is payable within 10 days of the publication of the Act ratifying this Agreement, which is completed in the Official Gazette.
7. The Government agrees that the payments made by the company to the Government under the Convention and this updated agreement constitute a comprehensive payment for the rights and exemptions enjoyed by the company under the Convention and this updated agreement.
8. In the publication of the Act on the ratification of the Agreement in the Official Gazette of the Syrian Arab Republic, the updated Agreement shall enter into force on 1 November 1961 and shall continue to apply for the remainder of the Convention.
9. This agreement, which is concluded in Arabic and English, is governed both by force and, if any doubt, dispute or dispute arises in connection with the implementation, interpretation or any provision of this completed agreement and cannot be resolved by negotiation between the parties, it shall be referred to arbitration pursuant to article X/24 of the Convention and in that arbitration shall present both of the provisions of this Agreement, which are in conformity with the relevant provisions.
10. Pursuant to article XII of the Convention, this updated agreement is not subject to the character of the present.

Government of the Syrian Arab Republic, pipeline company across the country

Minister of Finance Minister of Arab Economics

Dr. Rashid Al-Daker Dr. Adnan Al-Kutli John Nobel