Oman | Egypt Oil & Gas - Part 28
Oman Preparing for Tough Round of Subsidy Cuts
Gulf News was able to learn that the Sultanate of Oman will cut fuel subsidies beginning next year. An official from the Ministry of Finance confirmed the reduction will be gradual in order to ensure that the public w...
Omani Offshore Company Sells Engineering Unit at a Loss
Oman’s Renaissance Services plans to sell its Topaz Engineering unit, reported The National, and at a loss of $5.5 m to Chalmers Holdings, a Dubai-based marine and offshore outfit. This is part of a strategy to sell n...
Oman has 30% Stake in Asia’s Largest Environment-Friendly Power Plant
Oman Oil Co’s (OOC) venture in South Korea’s power generation sector, GS EPS Co Ltd, has officially inaugurated the largest biomass power plant in Asia, reported Trade Arabia. OOC has a 30% stake in the venture and th...
Oman Financing Gas and Oil Cooperation with Iran
Iran and Oman have signed an agreement to study an undersea gas pipeline said Alireza Kameli National Iranian Gas Exports Company (NIGEC), reported Press TV. “Gas exports to Oman and entry into its retail market will ...
Omani Corruption Trail Leads to Switzerland
The Swiss attorney general’s office has confirmed that it is helping Oman investigate alleged corruption in the country’s national oil company and oil ministry, announced swissinfo.ch. In an email message to swissinfo...
Oman Floating Storage Facility Wins International Attention
Oman Tank Terminal Company (Ottco) has recently launched a new 2.1 million barrel capacity floating storage facility at Mina Al Fahal, announced Trade Arabia. The facility is contained on board a very large crude carr...
Gulf States a Thorny Priority for Iran’s Regional Gas Ambitions
“We are laying the necessary groundwork for gas exports” to the UAE, Kuwait, Bahrain and Oman, announced Managing Director of the National Iranian Gas Exports Company (NIGEC) Ali Reza Kameli. Kameli explained that Ira...
Oman to Turn the Tide on Flaring with Latest Tech Knowhow
Oman Oil Refineries & Petroleum Industries Company (Orpic) has launched a multi-million dollar bidding round for the installation of a flare gas recovery project at the company’s Sohar refinery, said Trade Arabia....
