Oman | Egypt Oil & Gas - Part 33
Oman Preparing 60,000 Tonne Petroleum Coke Facility
Oman Oil Refineries & Petroleum Industries Company (Orpic) is planning major investments in storage and handling facilities for petroleum coke, a report said. Pet coke, large quantities of which will be produced u...
Oman Goes from Surplus to Deficit Due to Expenditures & Oil Prices
Oman government posted a budget deficit of OMR360.8 million in 2014, against a surplus of OMR267.4 million in the previous year. The country has posted a budget deficit after several years, thanks to high crude oil pr...
Amec Wins 3-Year Oman Contract
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 Polypr...
Oman Oil Executive Found Guilty in Anti-Corruption Campaign
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. The de...
Oman Has 10% Stake in New Japanese-Saudi Power Plant Deal
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 pow...
Gulf States Compete to be Top Investor in Egypt, Despite Oil Price Crunch
Of the Gulf Cooperation Council (GCC) member-states, the UAE stands out for being a major contributor to enhancing the Egyptian economy. By one account, the UAE has extended financial assistance in excess of $14 billi...
Oman Optimizing Costs to Tackle Oil Price Plunge
Oil producers in Oman, including majority state-owned Petroleum Development Oman (PDO), are resorting to cost-cutting measures in view of the plunging crude prices in the international market. All oil companies are re...
Oil Prices Strain Gulf Arab Budgets, Retard Growth
Experts say a majority of key oil exporting Arab countries could face a budget deficit of at least $122 billion in 2015 as the result of the falling oil prices. They say the economies of most leading Arab states grew ...
