Published in Official Gazette 458 issued on 1 July 1991.
Category: Royal Decree
Published in Official Gazette 458 issued on 1 July 1991.
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
Royal Decree 42/74 Issuing the Oil and Minerals Law,
Royal Decree 84/89 by which International Petroleum Corporation assigned 10% of its rights and obligations in the mentioned petroleum agreement to Satellite Exploration AB,
the contract dated 26 September 1989 by which International Petroleum Corporation assigned 5% of its rights and obligations in the mentioned petroleum agreement to Graoten Oil AB, which accepts this assignment,
and the letter of the Minister of Oil and Minerals dated 22 May 1991 approving that assignment,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by International Petroleum Corporation of 5% of its rights and obligations in the mentioned petroleum agreement signed on 4 May 1987 to Graoten Oil AB is hereby approved. The final shares of the parties to the agreement are as follows:
85% International Petroleum Corporation.
10% Satellite Exploration.
5% Graoten Oil AB.
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 6 Dhu Al-Hijja 1411
Corresponding to: 19 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
the Banking Law 7/74 and its amendments,
and in pursuance of public interest,
have decreed as follows
Article I
Paragraph (b) of article 4-05, 4 of the Banking Law of 1974 is hereby amended in its entirety to read as follows:
The total direct or potential obligation of any person other than the Government of the Sultanate towards any licensed bank must not exceed 15% (fifteen percent) of the net value of that licensed bank.
The total direct or potential liability of any member of the board of directors or the general manager must not exceed 10% (ten percent), provided that the total borrowing of all members of the board of directors and the general manager does not exceed 35% (thirty-five percent) of the net value of that bank or any other limit determined by the board of governors of the Central Bank of Oman.
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its publication.
Issued on: 6 Dhu Al-Hijja 1411
Corresponding to: 19 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.
Published in Official Gazette 458 issued on 1 July 1991.
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
the Banking Law 7/74 and its amendments,
Royal Decree 25/75 Forming the Board of Governors of the Central Bank of Oman and its amendments,
and in pursuance of public interest,
have decreed as follows
Article I
The membership of Mohammed bin Moosa Al-Yousef, Secretary General of the Development Council and Advisor to the Ministry of Finance and Economy, in the Board of Governors of the Central Bank of Oman is hereby renewed for a period of five years starting from 15 July 1991.
Article II
This decree must be published in the Official Gazette.
Issued on: 5 Dhu Al-Hijja 1411
Corresponding to: 18 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
and in pursuance of public interest,
have decreed as follows
Article I
The Organisational Structure of the Ministry of Agriculture and Fisheries is hereby adopted in accordance with the attached annex.
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 5 Dhu Al-Hijja 1411
Corresponding to: 18 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
Royal Decree 47/81 Issuing the Corporate Income Tax Law and its amendments,
Royal Decree 5/83 Forming the Taxation Committee,
and Royal Decree 17/91 Appointing a President for the Commercial Dispute Resolution Tribunal,
and in pursuance of public interest,
have decreed as follows
Article I
The President of the Commercial Dispute Resolution Tribunal is hereby appointed Chairman of the Taxation Committee.
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 4 Dhu Al-Hijja 1411
Corresponding to: 17 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
and the General Statute of the Chamber of Commerce and Industry in the Sultanate of Oman issued on 15 May 1973 and its amendments,
and in pursuance of public interest,
have decreed as follows
Article I
The following are hereby appointed members of the Board of Directors of the Oman Chamber of Commerce and Industry for a term of four years:
1. Abdullah bin Ali bin Mohammed Al-Ali
2. Abdullah bin Darwish Al-Shihi
3. Hamdan bin Saif Al-Rubaie
4. Salim bin Mohammed bin Hamed Al-Hawqani
5. Ahmed bin Saleh bin Hamoud Al-Sinawi
6. Mohammed bin Hilal Al-Harsousi
7. Abdullah bin Salim bin Amer Al-Rawas
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 4 Dhu Al-Hijja 1411
Corresponding to: 17 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
Royal Decree 8/80 Issuing the Civil Service Law and its amendments,
and in pursuance of public interest,
have decreed as follows
Article I
Othman bin Abdullah bin Hamad Al-Yahyai is hereby appointed Deputy President of the Commercial Dispute Resolution Tribunal.
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 4 Dhu Al-Hijja 1411
Corresponding to: 17 June 1991
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 458 issued on 1 July 1991.