Article 114 prescribes a significantly higher tax rate for the oil and gas sector. Taxpayers engaged in petroleum exploration are subject to a tax rate of 55% on their taxable income derived specifically from the sale of petroleum. This specialized rate reflects the Sultanate's policy of securing a higher share of economic rent from the extraction of natural resources. This rate applies specifically to petroleum-related profits, while other incidental income of such companies may be subject to different rates or provisions of the Law.