Oman | Egypt Oil & Gas - Part 24
Oman Revises Petrol, Diesel Prices
Oman’s Ministry of Oil and Gas has announced the revised petrol and diesel prices to be effective as of March, Gulf News reported. The price of super grade petrol M95 is set at 145 baiza per liter and regular petrol M...
Iran-Oman Undersea Gas Pipeline Study on Track
Studies on an undersea pipeline to transfer 20mcm/day of Iranian gas to Oman for a period of 25 years will be completed in six months, TradeArabia reported. An Iranian delegation will visit Oman soon to discuss the ga...
Oman’s National Gas Company Fires CEO over Bribery
Oman’s National Gas Company has terminated a contract with its CEO, Goutam Sen, following upon the 2014 disclosure that he had been detained over suspected bribes paid to a government official, Trade Arabia reported. ...
Oman to Seek Foreign Loans to Finance Oil&Gas Projects
State-owned Petroleum Development Oman (PDO) will restructure its debts portfolio in the future by borrowing abroad to finance its projects rather than seeking more funds from its shareholders, Omani Minister of Oil a...
Omani First Crude Cargo May be Heading to US in 3 Years
The US could receive its first Oman crude cargo in three years as the price of West Texas Intermediate (WTI) crude futures rose above Omani oil futures, Dubai Mercantile Exchange (DME), wrote Reuters. The prices for M...
Oman to Use Iranian Gas to Become Regional Hub
Oman expects a speedier completion of a planned pipeline to import natural gas from Iran now that sanctions against Tehran have been lifted, reported Reuters. The pipeline will have the capacity to carry 1bcf/d, a fig...
Oman Expanding Crude Storage Capacity for Dubai Futures
The Oman Tank Terminal Company (OTTCO) is building a storage project with a 25m barrel capacity at Ras Markaz to be opened in 2019, reported Arabian Business. The project comes at a time when current oil storage facil... Oman Eager to Cut Oil Production under OPEC Initiative
Oman announced that it was ready to cut oil output by 5% to 10% to buoy up oil prices, reported Arabian Business. The country’s oil minister, Mohammad bin Hamad al-Rumhy, said that the sultanate was prepared to ... 
