His Majesty the Sultan issues five Royal Decrees

Business Wednesday 23/January/2019 20:15 PM
By: Times News Service
His Majesty the Sultan issues five Royal Decrees

Muscat: His Majesty Sultan Qaboos bin Said yesterday issued five Royal Decrees as follows:
Royal Decree No.12/2019 endorses Medco Arabia Ltd.’s conceding one third of its rights and obligations in the agreement signed on November 20, 2014 for Block No.56 to Biyaq Oilfield Services LLC.
Article (1) ratifies Medco Arabia’s conceding one third of its rights and obligations in the petroleum agreement signed on November 20, 2014 for Block No.56 to Biyaq Oilfield Services so that the final share quotas of the contract signatories shall be as follows:
50% for Medco Arabia Ltd, 25% for Intag LLC and 25% for Biyaq Oilfield Services LLC.
Article (2) says that this decree shall be published in the Official Gazette and enforced on its date of issue.
Royal Decree No.13/2019 endorses Oman Oil Exploration and Production LLC’s conceding 50% of its rights and obligations in the agreement signed on October 11, 2011 for Block 42 to Shell Oman Exploration and Production BV.
Article (1) ratifies Oman Oil Exploration and Production LLC’s conceding 50% of its rights and obligations in the agreement signed on October 11th, 2011 for Block 42 to Shell Oman Exploration and Production BV.
Article (2) says that this decree shall be published in the Official Gazette and enforced with effect from its date of issue.
Royal Decree No.14/2019 endorses Allied Petroleum Exploration Inc.’s conceding its full rights and obligations in the petroleum agreement signed on August 10th, 2011 for Block No.36 to IPEX Oman (Block 36) Inc.
Article (1) ratifies Allied Petroleum Exploration Inc.’s conceding its full rights and obligations in the petroleum agreement signed on August 10th, 2011 for Block No.36 to IPEX Oman (Block 36) Inc.
Article (2) says that this decree shall be published in the Official Gazette and enforced on its date of issue.
Royal Decree No.15/2019 renews the First Class License of Oman Telecommunications Company for basic general mobile telecommunication services.
Article (1) renews the First Class License of Oman Telecommunications Company for basic general mobile telecommunication services in accordance with the provisions of the license attached to this decree.
Article (2) says that this decree shall be published in the Official Gazette and enforced on February 11, 2019.
Royal Decree No.16/2019 appoints a non-resident ambassador for the Sultanate.
Article (1) appoints Ambassador Emad bin Hamoud bin Salim Al Abri, Oman’s Ambassador to Brazil, as the Sultanate’s Extraordinary, Plenipotentiary and Non-Resident Ambassador to the Republics of Argentina, Eastern Uruguay, Paraguay, Ecuador, Peru, Bolivia, Chile, Suriname, Guiana, Colombia and Venezuela.
Article (2) says that this decree shall be published in the Official Gazette and enforced with effect from its date of issue.