The financing transaction is aimed at supporting EDO in its plans to alleviate the funding requirements for the Government’s Block 6.

The Oman’s Ministry of Energy and Minerals (MEM) announced that it is establishing a national hydrogen alliance under the name of Hy-Fly to support the development and deployment of clean hydrogen in Oman.

The storage terminal is located at the Ras Markaz on the southern coast of Oman. It is developed by Oman Tank Terminal Company (OTTCO), a subsidiary of OQ — the national integrated energy group.

Production from the Swedish oil company, Tethys Oil, before the government’s cut, has amounted to 342,446 barrels of oil (bbl) from blocks 3 and 4 onshore Oman in June.

Oman’s motor fuels production has exceeded 30% during 2021.

OQ Gas Networks has signed an agreement with the Public Establishment for Industrial Estates (Madyan) to acquire its gas assets,

Tethy company declared that it has produced oil from Block 3, 4 in Oman amounted to 346,890 barrels of oil corresponding to 11,190 barrels per day (b/d) of oil.

Oman Tank Terminal Company (OTTCO) and Oman Oil Marketing Company (OOMCO) has signed an agreement for operating and maintaining OOMCO’s bunker terminal facility in the Duqm port.

Shell Oman Marketing announced that it commenced aviation fuel supply business at Duqm airport as a part of its efforts to expand its operation in the port city of Duqm.

Bharat Petroleum Corporation Limited (BPCL) announced in a statement to the stock exchange, that it will acquire OQ’s shares in the Bina refinery project for RO 120 million.