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Within its continuous sessions held to evaluate the developments of COVID-19 in the Sultanate, the Supreme Committee has reviewed the epidemiological situation of the pandemic at the international level, in which many countries are witnessing a sharp rise in the number of cases and deaths, some due to presence of rapidly spreading mutations. The analysis of local epidemiological situation has showed an increase of inpatients admitted to hospitals all over the Sultanate, exceeding the severity index, and has negatively impacted the national level, which has also exceeded a level of dangerousness. The current data reveals an alarming rise of travel-associated cases, with the spread of the pandemic in countries of departure, and the lack of data on its new strains in other countries.

The data suggest that cases of the new mutated strains, including the South African, have been detected in laboratory diagnostics, which is an indication of outbreaks in different locations in the Sultanate.

Hence, in an effort to protect the community, especially from the new contagious strains, the Committee has decided to:

– Close all business activities in the Sultanate, from 8 PM to 5 AM, effective Thursday evening March 4th, 2021 until Saturday morning March 20th 2021, and that includes restaurants and cafés within tourist facilities and home delivery services. Petrol stations, private health institutions and pharmacies are excluded.

– Students of public schools continue to receive their education online by means of distance learning, from Sunday, March 7th, 2021 until Thursday, March 11th 2021, provided to evaluate this in accordance with the developments of epidemiological situation in the Sultanate during this period. The Committee stresses to all the seriousness of this stage as the disease is spreading locally and globally, and calls on everyone to practice maximum care and caution to protect their families, the elderly, and people with chronic diseases, and to avoid gatherings that have been proven to worsen the condition.

Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 37/2021 Amending Some Provisions of the Regulation Governing the Registration of Commercial Names

Post author By admin
Post date February 28, 2021

Arabic Auto Translate

Published in Official Gazette 1382 issued on 7 March 2021.

Tags Ministry of Commerce‚ Industry‚ and Investment Promotion

Ministerial Decision

Capital Market Authority: Decision 27/2021 Issuing the Public Joint Stock Companies Regulation

Post author By admin
Post date February 25, 2021

Arabic

Based on the Capital Market Law promulgated by Royal Decree 80/98,

Royal Decree 82/98 Establishing the Muscat Clearing and Depository Company,

the Commercial Companies Law promulgated by Royal Decree 18/2019,

Ministerial Decision 137/2002 regarding the Rules and Conditions for the Election of the Members of the Boards of Directors of Public Joint Stock Companies and the Provisions concerning Their Responsibilities,

Ministerial Decision 156/2002 regarding the Procedures and Provisions for the Assignment of the Right of Preference in Subscribing to Shares of the Increase in the Capital of Public Joint-Stock Companies,

the Executive Regulation of the Capital Market Law issued by Decision 1/2009,

the Accreditation of Auditors Controls Regulation Issued by Decision 8/2018,

Decision 10/2018 regarding the Controls for Forming the Audit Committee and Appointing the Internal Auditor and Legal Advisor in Public Joint Stock Companies,

the approval of the Board of Directors of the Capital Market Authority,

and the approval of the Ministry of Finance,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached Public Joint Stock Companies Regulation shall apply.

Article II

The Executive President of the Capital Market Authority shall issue the necessary decisions, forms, and instructions necessary to implement the provisions of the attached regulation, and until they are issued, the existing decisions, forms, and instructions continue to operate to the degree that they do not contradict with the provisions of the aforementioned Commercial Companies Law and the attached regulation.

Article III

The aforementioned Decisions 137/2002, 156/2002, 8/2018, and 10/2018 are hereby repealed, as well as all that is contrary to the provisions of the attached regulation or in conflict with its provisions.

Article IV

This decision must be published in the Official Gazette, and comes into force on the day following the date of its publication, with the exception of the provisions relating to the accreditation of the internal auditor and the legal adviser, which come into force after the lapse of 6 (six) months from the date of its publication.

Issued on: 13 Rajab 1442Corresponding to: 25 February 2021

Sultan bin Salim bin Said Al-HabsiMinister of FinanceChairman of the Board of Directors of the Capital Market Authority

Published in Official Gazette 1381 issued on 28 February 2021.

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Tags Capital Market Authority, Members Only

Ministerial Decision

Council of the Administrative Affairs of the Judiciary: Ministerial Decision 104/2021 Issuing the Governance Regulation of the Law on the Simplification of Litigation Procedures regarding Some Disputes

Post author By admin
Post date February 25, 2021

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Published in Official Gazette 1381 issued on 28 February 2021.

Tags Council of the Administrative Affairs of the Judiciary

COVID-19 Supreme Committee

COVID-19 Supreme Committee Decision of 25 February 2021

Post author By admin
Post date February 25, 2021

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Note: The following text is a public domain translation published by the Official OmanVsCovid19 Twitter account.

Statement of the Supreme Committee

The Supreme Committee decides:

– To extend closure of beaches, public parks in all governorates until further notice, with an emphasis on banning all kind of gatherings in rest houses, farms, winter and desert camps and others.

– The committee recommends families to avoid gathering at homes or other private places.

Within its continuous session, the Supreme Committee decides to extend the closure of all business activities in Ash’Sharqiyyah North Governorate from 7:00pm to 6:00am until further notice. Petrol stations, facilities health and private pharmacies are excluded from the closure.

Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 34/2021 Adopting the Gulf Technical Regulation on Children’s Toys

Post author By admin
Post date February 25, 2021

Arabic Auto Translate

Published in Official Gazette 1382 issued on 7 March 2021.

Tags Ministry of Commerce‚ Industry‚ and Investment Promotion

Royal Decree

Royal Decree 21/2021 Approving the Assignment by the Government of the Sultanate of Oman of All Its Rights and Obligations Relating to Its Participating Interest in the Agreements on the Exploration and Exploitation of Hydrocarbon in Block 6 in the Sultanate of Oman and Approving the Fiscal Protocol in Relation to Energy Development Oman SAOC’s Participating Interest in the Agreement Extending and Consolidating the Concession Agreement

Post author By admin
Post date February 24, 2021

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

Royal Decree 48/76 regarding the Signing of Foreign and Domestic Financial Transactions,

Royal Decree 50/80 Establishing Petroleum Development Oman Limited Liability Company,

Royal Decree 67/2003 Applying the Unified Customs Law of the Cooperation Council for the Arab States of the Gulf,

Royal Decree 2/2005 Granting the Concession for the Exploration and Exploitation of Hydrocarbon in Block 6 in the Sultanate of Oman,

the Income Tax Law promulgated by Royal Decree 28/2009,

the Oil and Gas Law promulgated by Royal Decree 8/2011,

the Commercial Companies Law promulgated by Royal Decree 18/2019,

Royal Decree 128/2020 Establishing a Closed Omani Joint Stock Company Named Energy Development Oman SAOC,

the Agreement Extending and Consolidating the Concession Agreement concluded on 6 Dhu Al-Qa’dah 1425, corresponding to 19 December 2004 between the Government of the Sultanate of Oman and Private Oil Holdings Oman Limited,

the Shareholders Agreement concluded on 6 Dhu Al-Qa’dah 1425, corresponding to 19 December 2004 between the Government of the Sultanate of Oman and Petroleum Development Oman LLC, Shell Petroleum Company Limited, Total SE, and PTTEP Oman E&P Corporation,

the Operating Agreement concluded on 6 Dhu Al-Qa’dah 1425, corresponding to 19 December 2004 between Petroleum Development Oman LLC, Private Oil Holdings Oman Limited, and the Government of the Sultanate of Oman,

the contract amending the Constitutive Contract of Petroleum Development Oman LLC which governs and regulates the founders' relationship between the Government of the Sultanate of Oman, Shell Petroleum Company Limited, Total SE, and PTTEP Oman E&P Corporation relating to Petroleum Development Oman LLC,

the collection of documents by which the Government of the Sultanate of Oman assigned all of its rights and obligations relating to its participating interest in the aforementioned Agreement Extending and Consolidating the Concession Agreement, Shareholders Agreement, and Operating Agreement to Energy Development Oman SAOC, which accepts this assignment,

and the Fiscal Protocol in Relation to Energy Development Oman SAOC’s Participating Interest in the Agreement Extending and Consolidating the Concession Agreement,

and in pursuance of public interest,

have decreed as follows

Article I

The assignment by the Government of the Sultanate of Oman of all its rights and obligations relating to its participating interest in the aforementioned Agreement Extending and Consolidating the Concession Agreement to Energy Development Oman SAOC is hereby approved. The final shares of the parties to the agreement are as follows:

60% (sixty percent) for Energy Development Oman SAOC.

40% (forty percent) for Private Oil Holdings Oman Limited.

Article II

The assignment by the Government of the Sultanate of Oman of all its rights and obligations relating to its participating interest in the aforementioned Shareholders Agreement to Energy Development Oman SAOC is hereby approved. The final shares of the shareholders in Petroleum Development Oman LLC are as follows:

60% (sixty percent) for Energy Development Oman SAOC.

34% (thirty-four percent) for Shell Petroleum Company Limited.

4% (four percent) for Total SE.

2% (two percent) for PTTEP Oman E&P Corporation.

Article III

The assignment by the Government of the Sultanate of Oman of all its rights and obligations in the aforementioned Operating Agreement to Energy Development Oman SAOC is hereby approved.

Article IV

The aforementioned fiscal protocol is hereby approved.

Article V

Any future amendments to the aforementioned fiscal protocol shall become effective in accordance with its terms and with the approval of the parties concerned.

Article VI

The provisions of the aforementioned fiscal protocol shall apply regardless of any contrary provisions in laws, regulations, or directives in force in the Sultanate of Oman.