Royal Decree 46/2007 Amending the Annex Attached to Royal Decree 95/96 Granting the Liquefied Natural Gas Project Concession and the Provisions of Implementation

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

Royal Decree 42/74 issuing the Oil and Minerals Law,

Royal Decree 95/96 Granting the Concession of Liquefied Natural Gas Project and the Conditions of Implementation,

the agreement signed on 23 October 1996 between the Government of the Sultanate of Oman and the Oman Liquefied Natural Gas Company,

and the amendment agreement signed on 20 November 2006 between the Government of the Sultanate of Oman and the Oman Liquefied Natural Gas Company,

and in pursuance of public interest,

have decreed as follows

Article I

The text of article 5 of the Annex of the Terms and Conditions for Granting Concession of the Liquefied Natural Gas Project attached to the mentioned Royal Decree 95/96 is hereby replaced with the following text:

The income of the company resulting from activities exempt from income tax is exempted until 31 December 2005.

Article II

This decree must be published in the Official Gazette, and the relevant bodies shall implement its provisions.

Issued on: 25 Rabi Al-Thani 1428
Corresponding to: 13 May 2007

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 839 issued on 15 May 2007.