Saudi Gas Supplies and Investment Taxation Legislation
Article from: OGEL 1 (2004), in National and International Issues in Natural Gas Development
Introduction
On 9 September 2003, the Gas Supplies and Pricing Regulations and the Saudi Natural Gas Investment Tax were issued, respectively by Royal Decrees Nos M/36 and M/37, published in the Official Gazette No 3959 of 23/7/1424H. On 3 January 2004 the Rules for the Implementation of the Natural Gas Investment Tax Regulation were also published (Official Gazette No 3973, of 11/12/1424). The Gas Supplies and Pricing Law provides that any activity related to hydrocarbons transmission, treatment; fractionation, collection, local distribution, sale or disposal may only be conducted on the basis ...