————————Number 7 of 2007————————NATIONAL OIL RESERVES AGENCY ACT 2007————————ARRANGEMENT OF SECTIONSPART 1Preliminary and GeneralSection1. Short Title and commencement.2. Interpretation.3. Expenses.PART 2Share Transfer4. Transfer to Minister of share owned by Irish National PetroleumCorporation Limited in National Oil ReservesAgency Limited.5. Share transfer day.6. Transfer costs and stamp duty.PART 3The National Oil Reserves Agency7. Continuation of Agency.8. Object and functions of Agency.9. Additional functions.10. Share capital of Agency.11. Issue of shares.12. Exercise by Minister of functions exercisable byshareholders.13. Memorandum and articles of association.2[No. 7.] National Oil Reserves Agency Act [2007.]2007.14. Board of directors.15. Strategy statement.16. Power to establish subsidiaries.17. Power to charge and recover fees.18. Power to engage consultants and advisers.19. Chief executive (appointment and term of office).20. Functions of chief executive.21. Staff of Agency...