Oman | Egypt Oil & Gas - Part 16
Omani Oil Exports Slide 8.7%
Crude exports from Oman slid 8.7% to 245.19 million barrels this year through October, Arabian Business reports. The country produced 294.88 million barrels of oil and condensates, down 3.7% from the 306.26 million ba...
Eni Wins EPSA for Omani Block 52
Oman awarded an exploration and production (E&P) contract to Eni, Zawya reports. The Exploration and Production Sharing Agreement (EPSA) is for Block 52, an offshore block south of Oman. Oman awarded Eni an 85% in...
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 ...
UAE, Oman Indicate Decision on Production Cuts This Month
A decision on extending OPEC’s production-cut agreement with ten other oil producers could be made this month, energy ministers from the UAE and Oman indicated on the sidelines of the Abu Dhabi International Petroleum...
Oman Awards Block 49 to Tethys Oil
Oman will award an exploration concession for Block 49 to Tethys Oil Company, Egypt Oil & Gas reports. The block is in western Oman bordering Saudi Arabia, the company’s press release states. The block includes o...
Oman to Award 4 Blocks in 2Q 2018
Oman is expected to announce the results of its tender for four oil and gas blocks next year, a government official told the Times of Oman. The government opened a tender for the blocks—43B, 47, 51, and 65—in Septembe...
Shell to Sell Stake in Oman’s Mukhaizna
Royal Dutch Shell is looking to sell its stake in Oman’s Mukhaizna oilfield, Reuters reports. The company has a 17% stake in the oilfield, which is operated by Occidental Petroleum, according to the Oman Tribune. In 2...
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...
