Oman, Iran Agree to Finalize Undersea Gas Pipeline Deal

• Tuesday, 17th April 2018
• by Editorial Team

Oman and Iran have agreed to finalize a cooperation pact for an offshore pipeline project from the Islamic Republic to Sohar Port in northern Oman, Fars News reported. “The deal will be finalized in two stages: ...

Oman’s Duqm Refinery to Open April 26

• Tuesday, 10th April 2018
• by Editorial Team

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...

PDO Agrees Contracts with Omani Firms Worth $800 M

• Tuesday, 27th March 2018
• by Editorial Team

Petroleum Development Oman (PDO) has agreed contracts with five local companies worth more than $800 million, Times of Oman reported. The contracts constitute 10-year deals in which the firms will provide work-over se...

PDO Announces New Gas Find in Oman

• Monday, 19th March 2018
• by Editorial Team

Petroleum Development Oman (PDO) announced a new gas find with estimated recoverable reserves of more than 4 trillion cubic feet (tcf) and 112 million barrels of condensate at two reservoirs named Barik and Miqrat in ...

Meethaq to Fund Oil Projects

• Monday, 26th February 2018
• by Sarah Samir

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, Times of Oman reported. The agreement was signe...

Average Oman Crude Oil Prices Increases by 27.8% Y.o.Y

• Tuesday, 30th January 2018
• by Sarah Samir

Average Oman crude price increased by 27.8% year-on-year (Y.o.Y), reaching $51 per barrel by the end of 2017, from $40 per barrel in the same period of 2017, the National Center for Statistics and Information (NCSI)’s...

Oman to Host OPEC Meeting for the First Time

• Wednesday, 17th January 2018
• by Sarah Samir

Oman will host the 7th meeting of Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries (OPEC) on January 21st, Times of Oman reported. “It is for the first time that a...

KPI Acquires 50% of Omani Refinery

• Monday, 15th January 2018
• by Sarah Samir

Kuwait’s High Petroleum Commission announced that Kuwait Petroleum International (KPI) now has a 50% share of Oman’s Duqm refinery. The refinery’s ownership was finalized during a Comission’s meeting...

Oman Opens E&P Concession Bids

• Wednesday, 10th January 2018
• by Sarah Samir

Oman has opened bids for exploration and production (E&P) in the new concession areas, which were floated in 2017, Undersecretary of the Ministry of Oil and Gas, Salim bin Nasser Al Oufi, stated after patronizing ...

Construction at Duqm Refinery to Begin in 2018

• Wednesday, 20th December 2017
• by Editorial Team

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...