Oman | Egypt Oil & Gas - Part 25
Oman Preparing Region’s First Electricity Spot Market
The Oman Power and Water Procurement Company (OPWP), a member of Nama group, is making preparations for the establishment of a spot market system for electricity trading in the Sultanate, the first of its kind in the...
Oman Adopts Austerity Budget Boosting Non-Oil Revenues
Oman has adopted an austerity budget for 2016 with a projected deficit of $8.6b in order to tackle the 50% decline in state revenue by introducing economic diversification, increasing non-oil revenues, and encouraging...
Mitsui Consortium Awarded $2.3b Omani Power Plant Project
Japan’s Mitsui & Co announced that its consortium had been awarded a $2.3b power plant project in Oman, to build 3.15GW gas-fired combined cycle power generation units for Ibri and Sohar-3 projects, reported...
Nebras Power Seeks to Enter Omani Market with Acquisition
Qatar-based Nebras Power is seeking to expand its investments in Oman and has announced plans to acquire Qatar Electricity and Water Company’s (QEWC) stake in Phoenix Power Company that owns and runs one of the larges...
Oman to Award Maiden Wind Farm EPC Contract in Q1 2016
Oman is expected to award an engineering, procurement and construction (EPC) contract to one of four international companies vying for the development of a first 50MW commercial-scale wind farm in the country in Q1 of... Oman Awaits Approval of Ambitious Tax, Subsidy Reforms
Oman’s top advisory body, the Shura Council, has voted for the biggest increase in corporate taxes in many years aimed at offsetting a budget deficit over oil price slump, reported Arabian Business. The Council ...
Oman Awards Compressor Contracts to GE Oil & Gas
GE Oil & Gas has won two contracts from Petroleum Development Oman (PDO) for the supply, testing, installation, and commissioning of a fleet of electric motor-driven centrifugal compressors, reported Trade Arabia....
Oman’s ORPIC Signs $5b Contracts for Petrochem-Related Projects
Oman’s Oil Refineries and Petroleum Industries Co (ORPIC) will sign contracts worth more than $5b to build the Liwa plastics complex, reported Reuters. Commitments to provide loan financing worth $3.7b are also ...
