SAUDI ARABIA

LPG, dry gas distribution law approved

August 23, 2017



Saudi Gazette report

JEDDAH – The Council of Ministers on Tuesday approved the law for the distribution of dry gas and liquid petroleum gas (LPG) for residential and commercial purposes. According to the law, the National Gas and Industrialization Company (GASCO), which is the licensed LPG distributor before coming into force of this law, shall be required to carry out its activities with respect to the distribution and marketing of LPG by rectifying its status in accordance with the provisions of this law and its executive regulations within a period not exceeding 24 months from the date on which the law came into force. Any LPG distributor licensed under this law shall have the right to use the gas and industrialization facilities of GASCO on a commercial basis for a period of three years under an agreement to be concluded between the two parties for this purpose and be presented to the Electricity & Cogeneration Regulatory Authority (ECRA) for approval.

All LPG sales operators in the existing shops shall correct their status in accordance with the provisions of this law and its bylaw, within a period not exceeding 12 months, the Saudi Press Agency reported.

The dry gas distribution networks in the cities across the Kingdom shall be established in a phased manner, taking into consideration of the studies prepared by the committee formed earlier for the purpose.

Minister of Culture and Information Awwad Al-Awwad said the Council approved the academic calendar for the next five years from 1438/1439 until the year 1443.

The Cabinet approved implementation of decisions of the Manama summit of the Supreme Council of the Gulf Cooperation Council (GCC) regarding the equality of citizens of the GCC countries to take advantage of health services in government clinics and hospitals, under the Ministry of Health of each GCC member state and the adoption of the procedures for managing the strategic stock of medicines, vaccines and medical supplies in the GCC.

Al-Awwad said the Council authorized Minister of Energy, Industry and Mineral Resources or his deputy to discuss with the Chinese side a draft memorandum of understanding with the government of China on the establishment of the Saudi-China Joint Investment Fund. It also authorized Minister of Justice or his deputy and Minister of Culture and Information or his deputy to discuss with their Chinese sides a draft judicial cooperation agreement, and a memorandum of understanding on cooperation in the field of information respectively. The Council approved a memorandum of cooperation with the government of Japan on regulating the procedures for granting of visit visas to citizens of the two countries.


August 23, 2017
5565 views
HIGHLIGHTS
SAUDI ARABIA
3 hours ago

FDI inflows to Saudi Arabia jump 16%, reaching over SR13 billion in 4Q of 2023

SAUDI ARABIA
4 hours ago

Saudi pavilion to showcase Manal AlDowayan's 'Shifting Sands: A Battle Song' at Venice Biennale

SAUDI ARABIA
4 hours ago

Red Sea International Airport to welcome first foreign flight in April