Oman and Russia have been named to the committee set up by OPEC to oversee the implementation of oil production cuts agreed upon by OPEC and non-OPEC nations.
Omani National Gas Company (NGC) has announced the establishment of a new company in Abu Dhabi, in partnership with Professional Partnership Investments under the name of NGC Central Gas System LLC.
Spain’s Tecnicas Reunidas (TR) has won a contract in Oman to undertake the engineering and front-end engineering design (FEED) of a new grassroots bitumen refinery planned at the country's Sohar Port & Freezone.
The state-owned Oman Oil Company (OOC), the national petroleum investment company, plans to progress the implementation of three strategically petrochemical ventures by 2017. The total investment worth $1.81b.
Petroleum Development Oman (PDO) has signed a $200m pipe supply contract for four years with an Omani factory as part of its in-country value (ICV) strategy.
Oman agreed to allow South Korean companies to participate in the country's large-scale energy and infrastructure projects, which are estimated to a total cost of $27.1b.
BP Oman announced that phase one of its massive Khazzan natural gas project, which is located in an undeveloped desert site 350km south of Muscat, is 80% complete.
Kuwait Energy Plc announced that the company has brought Faihaa-2 well's production online. The well is situated in the Block 9 concession, in Basra , Southern Iraq.