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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Royal Decrees ratify oil agreements

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MUSCAT: His Majesty Sultan Qaboos on Sunday issued four Royal Decrees. Royal Decree No 12/2017 endorses the oil agreement between the Government of the Sultanate of Oman and Oman Oil Company Exploration and Production LLC for Bloc No 48, signed on January 31, 2017.


Article 1 ratifies the aforementioned oil agreement.


Article 2 says that this Decree shall be published in the Official Gazette and enforced on its date of issue.


Royal Decree No 13/2017 endorses the oil agreement between the Government of the Sultanate of Oman, Occidental Oman Inc, Oman Oil Company Exploration and Production LLC, and Mitsui E&P Middle East BV for Bloc No 9, signed on January 23, 2017.


Article 1 ratifies 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 14/2017 endorses the revised oil agreement between the Government of the Sultanate of Oman, BP Exploration Epsilon Limited and Makarim Gas Development LLC for Bloc No 61, signed on November 8, 2016.


Article 1 ratifies the aforementioned revised agreement. Article 2 says that this Decree shall be published in the Official Gazette and enforced on its date of issue.


Royal Decree No 15/2017 endorses DNO Oman AS’s conceding 75 per cent of its rights and obligations in the oil agreement signed on August 10, 2011 for Bloc No 36 to Allied Petroleum Exploration Inc.


Article 1 ratifies DNO Oman AS’s conceding 75 per cent of its rights and obligations in the oil agreement signed on August 10, 2011 for Bloc No 36 to Allied Petroleum Exploration Inc. Article 2 says that this Decree shall be published in the Official Gazette and enforced on its date of issue. —  ONA


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