MUSCAT: Oman has introduced revisions to its maritime fuel supply regulations under Royal Decree No. 19/2023, building on the framework established by Ministerial Resolution No. 31/2020. The updates aim to enhance operational efficiency at Omani ports and support local enterprises, particularly small and medium-sized Omani companies, in providing marine fuel services. These changes are intended to ensure that port operations are streamlined, licensing processes are clear, and the overall maritime sector aligns with national economic goals.
Article 6 of the revised regulations now requires that port authorities enter a formal agreement with applicants before issuing any license, outlining the rights and responsibilities of both parties. All financial transactions related to licensing must be processed exclusively through banks licensed in Oman, reinforcing transparency and accountability. This approach ensures that all maritime fuel activities are legally compliant and that financial operations are secure and well-regulated.
Article 7 mandates that each port must maintain at least two licensed companies specialized in supplying fuel to ships, ensuring competition and reliability in the supply chain. Furthermore, land-based marine diesel fuel (MGO/DMA) supply is now limited to 100 percent Omani-owned SMEs registered with the Small and Medium Enterprises Development Authority and specializing in marine fuel services. This provision supports local economic growth while strengthening the role of Omani businesses in the maritime sector.
The new resolution also annuls any previous regulations conflicting with these updates and will be officially published in the Oman Official Gazette. It takes effect the day after publication, signaling a clear regulatory shift toward supporting local enterprises, improving service standards at ports, and ensuring efficient, transparent management of maritime fuel operations throughout the Sultanate.
