OOMCO, Wakud Join Forces to Introduce Biodiesel to the Omani Market
Oman Oil Marketing Company (OOMCO) and Wakud International LLC (Wakud) have signed an agreement to introduce biodiesel blends in Oman.
Oman Oil Marketing Company (OOMCO) and Wakud International LLC (Wakud) have signed an agreement to introduce biodiesel blends in Oman.
Egypt is well-positioned to profit from the present energy crisis in Europe, given its increased natural gas finds, production, and LNG exports. From one perspective, Egypt might soon get to be a major energy exporter to the EU if it is able to considerably alleviate the European problem by selling LNG in large quantities to the EU. However, some experts feel that becoming a major LNG supplier to the EU is a long-term goal that will be determined by other variables rather than relieving the present situation. Thus, it is suggested that Egypt should embrace a simple strategy, maximising earnings from LNG exports to Europe, because the EU is already purchasing natural gas at higher spot rates.
The second day of EGYPS 2022 witnessed several discussion panels on different topics with a conference dedicated to health, safety and environment (HSE). The HSE in Energy Conference was a perfect venue for international and regional HSE experts to share their insights, examine digital innovation for developing effective health and safety standards as well as strategies for employees’ health and wellbeing, in addition to discuss companies’ decarbonization efforts and the growing role of leadership in ensuring high HSE standards.
Flare2Value (F2V) signed an agreement with Occidental Oman (Oxy Oman), the country’s largest independent oil producer, under which F2V will construct and operate flare gas recovery facilities.
OQ company has inaugurated its liquefied petroleum gas (LPG) plant located in Salalah at Southern Oman.
Shell Integrated Gas Oman, a subsidiary of Royal Dutch Shell has signed a concession agreement with the Omani Ministry of Energy and Minerals, OQ company and Marsa Liquefied Natural Gas to develop natural gas reserves in Block 10.
Salim Marhoon Al Hashmi, Director-General of Raz Markaz Oil Terminal announced that the project will start operations during Q2 2022.