Meethaq to Fund Oil Projects
Meethaq Islamic Banking and Hydrocarbon Finder E&P (HCF) have signed an Islamic financing facility for the development of HCF-operated oil and gas fields in Block 7.
Meethaq Islamic Banking and Hydrocarbon Finder E&P (HCF) have signed an Islamic financing facility for the development of HCF-operated oil and gas fields in Block 7.
Average Oman crude oil price increased by 27.8% year-on-year (Y.o.Y), reaching $51 per barrel by end of 2017, from $40 per barrel in the same period of 2017.
Oman will host the 7th meeting of Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries (OPEC) on January 21st.
Kuwait's High Petroleum Commission announced that Kuwait Petroleum International (KPI) acquired 50% share of Oman's Duqm refinery.
Oman has opened bids for exploration and production (E&P) in the new concession areas, which were floated in 2017.
Construction at the Duqm Refinery in Oman will begin next year.
BP awarded Petrofac an $800 million contract for the second stage of development at the Khazzan natural gas field in Oman.
Crude exports from Oman slid 8.7% to 245.19 million barrels this year through October.
Oman awarded an exploration and production (E&P) contract to Eni.
Duqm Refinery and Petrochemicals Industries Company is pursuing a $6 billion loan for its refinery project.