His Majesty issues six Royal Decrees

Business Sunday 06/March/2016 18:52 PM
By: Times News Service
His Majesty issues six Royal Decrees

Muscat: His Majesty Sultan Qaboos bin Said yesterday issued six Royal Decrees.
Royal Decree No. 10/2016 promulgates the Land Transport Law, after it had been presented before the Council of Oman.
Article (1) states that the provisions of the Land Transport Law attached to this Decree shall be enforced.
Article (2) says that the Decree shall be published in the Official Gazette.
Royal Decree No. 11/2016 promulgates the Takaful Insurance Law, after it had been presented before the Council of Oman.
Article (1) enforces the Takaful (Collaborative) Insurance Law.
Article (2) says that the Decree shall be published in the Official Gazette.
Royal Decree No. 12/2016 introduces amendments to some of the provisions of the Vehicle Insurance Law, after it had been presented before the Council of Oman.
Article (1) stipulates that the amendments of the Vehicle Insurance Law (Motor Insurance Law) attached to this Decree shall be enforced.
Article (2) says that the Decree shall be published in the Official Gazette.
Royal Decree No. 13/2016 ratifies the Sultanate of Oman’s joining the International Agreement on the Harmonised Commodity Description and Coding System, after it had been presented before Majlis Al Shura.
Article (1) approves the Sultanate’s joining the above-mentioned International Agreement on the Harmonised Commodity Description and Coding System.
Article (2) instructs the authorities concerned to deliver the documents required for joining the said agreement as per its provisions.
Article (3) states that this Decree shall be published in the Official Gazette and be enforced on its date of issue.
Royal Decree No. 14/2016 endorses the oil agreement between the Sultanate of Oman and Hydrocarbon Finder E & P LLC for Bloc 7.
Article (1) endorses the above-mentioned oil agreement.
Article (2) says that this decree shall be published in the Official Gazette and be enforced on its date of issue.
Royal Decree No. 15/2016 endorses Tethy’s Oil Limited company’s conceding 100 per cent of its share quota (stake), rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Odin Energy A. S., as well as endorsing Odin Energy AS’s conceding 90 per cent of its share quota, rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Hydrocrabon Finder LLC.
Article (1) endorses Tethy’s Oil Limited company’s conceding 100 per cent of its share quota (stake), rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Odin Energy A. S.
Article (2) endorses Odin Energy AS’s conceding 90 per cent of its share quota, rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Hydrocrabon Finder LLC.
Article (3) says that this decree shall be published in the Official Gazette and be enforced on its date of issue. -ONA