Oman | Egypt Oil & Gas - Part 25

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 encouragin ...

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.

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 large ...

Oman to Award Maiden Wind Farm EPC Contract in Q1 2016

The contract for the development of Oman's first ever commercial-scale wind farm is expected to be awarded in the first quarter of 2016.

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.

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.

Oman’s ORPIC Signs $5b Contracts for Petrochem-Related Projects

Oman Oil Refineries and Petroleum Industries Co (ORPIC) will sign contracts worth more than $5b to build the Liwa plastics complex.

Oman Oil Marketing to Invest in Fuel Stations in Saudi Arabia

Oman Oil Marketing Company has been permitted to launch its feasibility study to determine the scope of its potential investment in the operation of fuel filling stations, and fuel services centers in Saudi Arabia.

Oman Ponders $4b Investment to Boost Oil Output

Oman Oil's exploration and production division mulls investments worth $4 billion over the next five years to boost its oil output up to 200,000b/d in 2020.

Dolphin Energy Wins $863m Loan

UAE's Dolphin Energy Ltd., an Abu Dhabi-controlled venture, providing 2cf/d of gas from Qatar to Oman and the UAE, has secured a 15-year long bank loan of $863m.

Page 25 of 35

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