Petroleum Sector Drives Growth in Oman’s GDP
The petroleum sector was the main driver of accelerated growth in the Omani economy last year, according to the CBO.
The petroleum sector was the main driver of accelerated growth in the Omani economy last year, according to the CBO.
BP Oman announced that progress in constructions works in the Central Processing Facility (CPF) at the Ghazeer project has reached 69%.
Oman’s crude oil and condensates production reached around 30.1 million barrels during July, with a daily average production rate of 970,682 barrels.
Oman has signed an agreement with Mazoon Petrogas Corporation, a subsidiary of Petrogas E&P, to produce oil from concession area number 5.
Eni and BP have entered into a gas Exploration and Production Sharing Agreement (EPSA) for Block 77 with the Government of Oman.
A quarter of the construction in the Duqm refinery has been completed, and it is supposed to be completed by 2022.
Oman Oil Company (OOC) and Orpic Group announced that three companies have been awarded Front End Engineering and Design (FEED) contracts.
Salalah Free Zone (SFZ) has signed a usufruct agreement for the establishment of the Salalah Refinery project.
Total and a South Korean oil company are being considered for a partnership in the Duqm Refinery and Petrochemical Industries.
McDermott International announced it has been awarded a sizeable contract by Total Oman E&P Development in partnership with Oman Oil Company.