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.
A senior energy official said the National Iranian Oil Refining and Distribution Company (NIORDC) plans to start projects to build new oil exports facilities in the Southern Port of Jask, on the rims of the Oman Sea.
Oman Oil Refineries & Petroleum Industries Company (Orpic) is planning major investments in storage and handling facilities for petroleum coke, a report said.
Amec Foster Wheeler has been awarded a technical services agreement contract by Oman Oil Refineries and Petroleum Industries Company SAOC (Orpic) for the Mina Al Fahal Refinery and Sohar Refinery, Aromatics and Polyp ...
The chief executive officer of Oman Oil Company has been sentenced to 23 years in jail in a landmark case that found that Ahmad Al-Wahibi accepted a bribe of $8 million from Korea-based firm LGI, a report said.
Saudi Arabia's ACWA Power IPO-ACWA.SE and Japan's Mitsui & Co said on Monday they had won a contract from Oman's government to build and operate a $630 million, 445 megawatt natural gas-fired power plant