According to article 10 of the Offshore Petroleum Resources Law No. 132 of 24 August 2010 (the “ Petroleum Law”), the Board of Directors of the Petroleum Administration Authority (PAA) shall be appointed by virtue of a decree to be taken by the Council of Ministers based on a proposal by the Minister of Energy and Water (MoEW). This Board shall be composed of six (6) members and appointed for a term of six (6) years.