McDermott Wins New FEED Contract in Oman
McDermott International announced it has been awarded a sizeable contract by Total Oman E&P Development in partnership with Oman Oil Company.
McDermott International announced it has been awarded a sizeable contract by Total Oman E&P Development in partnership with Oman Oil Company.
The $2.7 billion project is expected to add around 82,000 barrels per day (b/d) to the current capacity of 116,000 b/d, which will increase the total capacity to around 198,000 b/d.
The project aims to maximize the value of Omani crude oil to fulfill the increasing demand for oil and refined products nationally and internationally.
Global petrochemicals company Oxea is set to invest in a planned petrochemicals complex in the Duqm special economic zone (SEZ).
Malaysian Petronas is close to buying a 10% stake in Oman’s al Khazzan gas field from the state-owned Oman Oil Company.
All three fuel marketing companies working in Oman - Oman Oil Marketing, Shell Oman, and Al Maha - have warned that a new pricing structure adopted by Omani Authorities earlier this year has begun to impact profit ...
Musandam Power Company, a majority-owned subsidiary of the Oman Oil Company, plans to launch its initial public offering (IPO) before 2019.
State-run Oman Oil plans to sell a 10% stake in the Khazzan natural gas field amid a restructuring of the company's business model.
Kuwaiti oil minister Bakheet Al-Rashidi told Kuwait News Agency on April 9 that the overhaul of the Al-Duqm refinery and the connecting petrochemicals industries complex in Oman will open on April 26.
Construction at the Duqm Refinery in Oman will begin next year.