MUSCAT – The changes come in line with the Maritime Law (Royal Decree No. 19/2023) and build upon the original regulatory framework established by Ministerial Resolution No. 31/2020, with the aim of enhancing operational efficiency and supporting local enterprises.
Under the new resolution, Articles 6 and 7 of the existing regulations have been revised. Article 6 now mandates that, after meeting all licensing conditions and prior to the issuance of a license, port management must sign a formal agreement with the applicant. This agreement will outline the rights and obligations of both parties. Additionally, all financial transactions related to the license must be processed through banks licensed in the Sultanate of Oman.
Article 7 stipulates that each port must have at least two licensed companies specialized in supplying fuel to ships. Furthermore, the land-based supply of marine diesel fuel (MGO/DMA) is now restricted to small and medium-sized Omani enterprises that meet the following conditions:
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- The company must be 100 percent Omani-owned.
- It must be specialised in marine fuel supply.
- It must be registered with the Small and Medium Enterprises Development Authority.
The resolution also includes provisions to nullify any previous regulations that contradict these amendments. It will be published in the Official Gazette and come into effect the day after its publication.
