DOHA: The State Cabinet, in its weekly session yesterday, endorsed a draft law for setting up a Qatari shareholding company for selling petroleum products in the international market.
The Cabinet endorsed a draft law amending some provisions of Decree Law No 15 of 2007 on the regulation of the marketing and sale outside Qatar of products under government regulation, and referred it to the Advisory Council.
According to the provisions of the draft law, a Qatari shareholding company, wholly owned by Qatar, shall be established and will be represented by Qatar Petroleum. The company, with the name “Qatar Petroleum for selling petroleum products” LLTD, will sell petroleum products that fall under government regulation and indicated in the law.
The text of Article two of the Decree added amendment saying “the company shall delegate Qatar Petroleum as a representative to market and sell government-regulated products on its behalf”.
The session also approved two draft laws on the regulation of car and limousine rent and its executive statute. The bill included provisions related to conditions of licensing, conditions of the facility, and waiving and abolishing the licence. The facility is to write contracts with the tenants according to the model prepared for this purpose by the ministry.
The draft executive statute included provisions indicating the activity and the license, conditions of the facility, the license’s type, duration, expiry, suspension, cancellation and waiving and commitments of the licensee.
One of the items on the agenda was about a draft decision to establish a committee in line with the provisions of law regulating tenders and leases. The committee should be chaired by the judge who is at the rank of the head of the Court of First Instance.
The judge should be chosen by the Supreme Judiciary Council.
The committee should also have two other experienced member specialized in giving quick decisions attached with the reasons on all administrative dispute that preceded signing a contract.
Draft law on State Audit Bureau referred to Advisory Council
The Cabinet also approved establishing a committee that coordinates between all parties working in Hamad International Airport. The committee should be chaired by the head of the Civil Aviation Authority and two other members from the parties involved. The committee is charged with coordinating work in the airport to facilitate aerial transport activities.
The Cabinet approved a draft law on the State Audit Bureau and referred it to the Advisory Council. The bill stipulates that the State Audit Bureau is an independent regulatory authority that has a legal personality, directly follows the Emir, has a budget annexed to that of the Emiri Diwan, and aims to oversee funds of the state as well as other entities under its jurisdiction.
The bill included provisions related to entities under the oversight jurisdiction of the State Audit Bureau, the types of oversight the bureau handles and means of exercising them, review reports, investigation into financial irregularities, and the formation of the bureau and its staff system. The Cabinet also discussed a recommendation by the Advisory Council on doing business and commerce in Qatar through online stores. The cabinet agreed to refer the recommendation to the specialised authorities to examine it further.
The Peninsula
