Oman Oil company | Egypt Oil & Gas - Part 2
Duqm Refinery JV Seeks $6B in Financing
Duqm Refinery and Petrochemicals Industries Company is pursuing a $6 billion loan for its refinery project, sources told Reuters. The company is seeking financing from multiple banks, including the export agencies of ...
OOCEP Signs $1B Loan Agreement
The Oman Oil Company Exploration and Production (OOCEP) finalized an agreement for a $1 billion loan, Times of Oman reports. The funds will be used to pay down a previous loan and to invest in additional activities an...
Production Begins at Oman’s Khazzan Gas Field
BP has begun producing natural gas from Oman’s Khazzan gas field, Egypt Oil & Gas reports. The field is currently in the first phase of development. During this phase, production is expected to reach 1 billion cub...
SMC Secures $728M for Ammonia Plant
Salalah Methanol Company (SMC), a subsidiary of Oman Oil Company, has secured $728 million in financing for its proposed ammonia plant, Times of Oman reports. The company will refinance its debt and use the remaining ...
Eni Acquires Block Offshore Oman
Italian oil major Eni has acquired rights over the only maritime block offered during the Oman’s latest licensing round that was launched in late 2016. The transaction came as a considerable fillip to Muscat’s long-st...
Oman Close to Fund 75% of LPG Project
Oman Oil Facilities Development Company LLC, subsidiary of the Sultanate’s investment arm Oman Oil Company, is in an advanced stage to secure 75% funding for its $600m liquefied petroleum gas (LPG) extraction project ...
Oman Oil Company, Kuwait Petroleum International Sign JV Deal for Duqm Refinery
Oman Oil Company (OOC) signed a joint venture agreement with Kuwait Petroleum International Ltd (KPI) this week for developing the Duqm Refinery and Petrochemical Complex with an investment of around $7b in the Duqm S...
Oman, Kuwait to Sign Duqm Refinery Agreement
Oman and Kuwait agreed on signing mid-April a partnership deal for the Duqm refinery, near Al Wusta region’s port, Times of Oman reported following a statement by Kuwait’s Oil Minister. According to Zawya, the 230,000... 
