Published in Official Gazette 1274 issued on 30 December 2018.
Author: admin
Published in Official Gazette 1274 issued on 30 December 2018.
Published in Official Gazette 1276 issued on 13 January 2019.
Published in Official Gazette 1273 issued on 23 December 2018.
We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,
the Oil and Gas Law promulgated by Royal Decree 8/2011,
and the collection of documents by which Makarim Gas Development LLC assigned 10% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PC Oman Ventures Limited, which accepts this assignment,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by Makarim Gas Development LLC of 10% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PC Oman Ventures Limited is hereby approved. The final shares of the parties to the agreement shall be as follows:
60% for BP Exploration Epsilon Limited.
30% for Makarim Gas Development LLC.
10% for PC Oman Ventures Limited.
Article II
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 10 Rabi Al-Thani 1440
Corresponding to: 18 December 2018
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 1273 issued on 23 December 2018.
have decreed as follows
Article I
The Ministry of Oil and Gas is hereby assigned the competence for the implementation of the state public policy regarding the energy sector.Article II
All competences assigned to the Public Authority for Electricity and Water relating to the electricity sector stipulated in the aforementioned System of the Public Authority for Electricity and Water are hereby transferred to the Ministry of Oil and Gas. The Ministry of Oil and Gas shall also exercise the competences assigned to the Public Authority for Electricity and Water relating to the electricity sector stipulated in the aforementioned Law on the Governance and Privatisation of the Electricity and Related Water Sector, and any other law.Article III
All records, allocations, and assets related to the electricity sector of the Public Authority for Electricity and Water are hereby transferred to the Ministry of Oil and Gas, as well as the directorates responsible for the electricity sector and their employees with their same employment status and financial entitlements. The implementation of the transfer must be in accordance with the mechanism agreed upon by the Minister of Oil and Gas and the Chairman of the Public Authority for Electricity and Water.Article IV
All that is contrary to this decree, or in conflict with its provisions, is hereby repealed.Article V
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance. Issued on: 10 Rabi Al-Thani 1440 Corresponding to: 18 December 2018Qaboos bin Said Sultan of Oman
Published in Official Gazette 1273 issued on 23 December 2018.