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HM The Sultan Issues 7 Royal Decrees

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Muscat, Mar. 25 (ONA) --- His Majesty Sultan Haitham Bin Tarik today 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 A’Shura.
 
Article (1) ratifies the aforementioned Convention on Mutual Administrative Assistance in Tax Matters, signed by the Sultanate on 26 November 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% of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block No. 56 to Tethys Oil Oman, besides endorsing Intaj LLC company’s conceding 20% of its rights and obligations in this agreement to Biyaq Oilfield Services LLC.
 
Article (1) endorses Biyaq Oilfield Services LLC company’s conceding 20% of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block No. 56 to Tethys Oil Oman.
 
Article (2) endorses Intaj LLC company’s conceding 20% of its rights and obligations in the petroleum agreement to Biyaq Oilfield Services LLC in the petroleum agreement signed on 20 November 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% for Medco Arabia LTD.
25% for Biyaq Oilfield Services LLC.
20% for Tethys Oil Oman LLC.
5% 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 31 July 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 the 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 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 above-mentioned 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 14 January 2019 by the Government of the Sultanate of Oman and Oman Oil Company Exploration & Production for Block No. 47.
 
Article (1) endorses the above-mentioned 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 10 October 2019 by the Government of the Sultanate of Oman and Shell EP Oman BV for Block No. 55.
 
Article (1) endorses the above-mentioned 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 19 February 2020.
 
Article (1) endorses the above-mentioned agreement.
Article (2) says that this decree shall be published in the Official Gazette and enforced on its date of issue.
--- Ends/AB/KH/FM