McDermott International announced it was awarded a contract by Total Oman E&P Development in partnership with Oman Oil Company (OOC) to provide front-end engineering design (FEED) services for the Sohar LNG Bunker...
Oman Oil and Orpic Group inaugurated on Aril 1 the Sohar Refinery Improvement Project (SRIP), Oman Observer reported. The inauguration occurred under the presence of Mohammed Al Rumhy, Minister of Oil and Gas, Chairma...
Oman Oil and Orpic group plans to launch the Sohar Refinery Improvement Project (SRIP), Zawya reported Citing Muscat Daily. The $2.7 billion project will be inaugurated under the patronage of the Omani Minister of Oil...
Global petrochemicals company Oxea is set to invest in a planned petrochemicals complex in the Duqm special economic zone (SEZ), the Oman Observer reported. The US-based subsidiary of Oman Oil plans to establish a pla...
Malaysian Petronas is close to buying a 10% stake in Oman’s al Khazzan gas field from the state-owned Oman Oil Company, Reuters reported. PC Oman Ventures, a subsidiary of Petronas, will acquire the stake in Block 61 ...
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 impac...
Musandam Power Company, a majority-owned subsidiary of the Oman Oil Company, plans to launch its initial public offering (IPO) in 2018, a senior official at the Capital Market Authority (CMA) told Muscat Daily. “We ho...
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, Bloomberg reported. Oman Oil currently holds a 40% stake in the field, and Brit...
Kuwaiti oil minister Bakheet Al-Rashidi told Kuwait News Agency (KUNA) on April 9 that the overhaul at the Al-Duqm refinery and the connecting petrochemicals industries complex in Oman will open on April 26. The Al-Du...
Construction at the Duqm Refinery in Oman will begin next year, the Kuwait Oil Minister, Bakheet El Rashidi, said, KUNA reports. The minister indicated that $5 billion in loans for the project will be finalized duri...