The Petroleum Development Oman (PDO) has signed a $600 million pact with Indonesia-based oil and gas leader MedcoEnergi to continue developing the Karim Small Fields (KSF) project in southern Oman, a report said.
Oman Tank Terminal Company (OTTCO) plans to start operating a floating storage unit later this year to ease trade of crude oil futures on the Dubai Mercantile Exchange (DME), trade sources said on Tuesday.
BP expects to start natural gas production from Oman's Khazzan field by 2017 at a rate of 1 bcf a day, a senior executive from the British oil major said on Monday.
Oman Oil Refineries and Petroleum Industries Company (Orpic) is set to tap into local talent for employment prospects at an upcoming job fair as lead sponsor.
Oman's Sohar Aluminium (SA) plans to expand smelter capacity to one million tonnes by 2020 from the current 375,000 tonnes, it was revealed at the Aluminium Middle East 2015 exhibition, now under way in Dubai, UAE.
Discussions are still going on to finalize the route for the proposed 230-km gas pipeline project with Iran, said Dr Mohammed bin Hamad al Rumhy, Minister of Oil and Gas, at a special briefing for the media yesterday.
A total of eleven companies are in the race for a key consultancy contract for the 120 MW Musandam independent power project (IPP) in Oman, said a report.
OPEC is making a mistake by seeking to preserve its share of global crude sales amid a global production glut instead of trimming output to prop up prices, Oman’s oil minister said.
The state-owned Oman Power and Water Procurement Company (OPWP) has started inviting tenders from major companies for provision of consultancy services to the Salalah 2 Independent Power Plant.