HM IS­SUES 7 ROYAL DE­CREES

Oman Daily Observer - - FRONT PAGE -

MUS­CAT: His Majesty Sul­tan Haitham bin Tarik on Wed­nes­day is­sued seven Royal de­crees, read­ing as fol­lows:

Royal De­cree No 34/2020 rat­i­fies the Con­ven­tion on Mu­tual Ad­min­is­tra­tive As­sis­tance in Tax Mat­ters af­ter pre­sent­ing the same be­fore the Ma­jlis Ash’shura.

Ar­ti­cle (1) rat­i­fies the afore­men­tioned Con­ven­tion on Mu­tual Ad­min­is­tra­tive As­sis­tance in Tax Mat­ters, signed by the Sul­tanate on Novem­ber 26, 2019, as per the ver­sion at­tached to this de­cree.

Ar­ti­cle (2) in­structs the de­part­ments con­cerned to de­posit the Con­ven­tion’s rat­i­fi­ca­tion doc­u­ment in ac­cor­dance with its pro­vi­sions.

Ar­ti­cle (3) says that this de­cree shall be pub­lished in the Of­fi­cial Gazette and en­forced on its date of is­sue.

Royal De­cree No 35/2020 en­dorses Biyaq Oil­field Ser­vices LLC com­pany’s con­ced­ing 20 per cent of its rights and obli­ga­tions in the pe­tro­leum agree­ment signed on Novem­ber 20, 2014 for Block No 56 to Tethys Oil Oman, be­sides en­dors­ing In­taj LLC com­pany’s con­ced­ing 20 per cent of its rights and obli­ga­tions in this agree­ment to Biyaq Oil­field Ser­vices LLC.

Ar­ti­cle (1) en­dorses Biyaq Oil­field Ser­vices LLC com­pany’s con­ced­ing 20 per cent of its rights and obli­ga­tions in the pe­tro­leum agree­ment signed on Novem­ber 20, 2014 for Block No 56 to Tethys Oil Oman.

Ar­ti­cle (2) en­dorses In­taj LLC com­pany’s con­ced­ing 20 per cent of its rights and obli­ga­tions in the pe­tro­leum agree­ment to Biyaq Oil­field Ser­vices LLC in the pe­tro­leum agree­ment signed on Novem­ber 20, 2014 for Block No 56 to Biyaq Oil­field Ser­vices LLC com­pany.

Ar­ti­cle (3) states that the fi­nal quo­tas of the agree­ment’s par­ties stand as fol­lows: 50 per cent for Medco Ara­bia LTD. 25 per cent for Biyaq Oil­field Ser­vices LLC.

20 per cent for Tethys Oil Oman LLC.

5 per cent for In­taj LLC.

Ar­ti­cle (3) says that this de­cree shall be pub­lished in the Of­fi­cial Gazette and en­forced on its date of is­sue.

Royal De­cree No 36/2020 en­dorses the pe­tro­leum agree­ment signed on July 31, 2019 by the Govern­ment of the Sul­tanate of Oman and Eni Oman BV in BP Ex­plo­ration Ep­silon LTD for Block No 77.

Ar­ti­cle (1) en­dorses afore­men­tioned agree­ment.

Ar­ti­cle (2) says that this de­cree shall be pub­lished in the Of­fi­cial Gazette and en­forced on its date of is­sue.

Royal De­cree No 37/2020 en­dorses the the pe­tro­leum agree­ment signed by the Govern­ment of the Sul­tanate of Oman and each of Me­zoon Pet­ro­gas (BVI) LTD and Me­zoon Pe­tro­leum and Gas Com­pany LLC for Block No 5.

Ar­ti­cle (1) en­dorses the above­men­tioned pe­tro­leum agree­ment.

Ar­ti­cle (2) says that this de­cree shall be pub­lished in the Of­fi­cial Gazette and en­forced on its date of is­sue.

Royal De­cree No 38/2020 en­dorses the pe­tro­leum agree­ment signed on Jan­uary 14, 2019 by the Govern­ment of the Sul­tanate of Oman and Oman Oil Com­pany Ex­plo­ration & Pro­duc­tion for Block No 47.

Ar­ti­cle (1) en­dorses the above­men­tioned agree­ment.

Ar­ti­cle (2) says that this de­cree shall be pub­lished in the Of­fi­cial Gazette and en­forced on its date of is­sue.

Royal De­cree No 39/2020 en­dorses the pe­tro­leum agree­ment signed on Oc­to­ber 10, 2019 by the Govern­ment of the Sul­tanate of Oman and Shell EP Oman BV for Block No 55.

Ar­ti­cle (1) en­dorses the above­men­tioned agree­ment.

Ar­ti­cle (2) says that this de­cree shall be pub­lished in the Of­fi­cial Gazette and en­forced on its date of is­sue.

Royal De­cree No 40/2020 en­dorses the pe­tro­leum agree­ment be­tween the Govern­ment of Sul­tanate of Oman, To­tal E&P Oman Block 12 BV and PTTEP MENA LTD Com­pany for Block No 12 signed on Fe­bru­ary 19, 2020.

Ar­ti­cle (1) en­dorses the above­men­tioned agree­ment.

Ar­ti­cle (2) says that this de­cree shall be pub­lished in the Of­fi­cial Gazette and en­forced on its date of is­sue.

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