SMC Secures $728M for Ammonia Plant

• Tuesday, 29th August 2017
• by Editorial Team

Salalah Methanol Company (SMC), a subsidiary of Oman Oil Company, has secured $728 million in financing for its proposed ammonia plant, Times of Oman reports. The company will refinance its debt and use the remaining ...

Oman Announces Downstream IPO

• Sunday, 23rd April 2017
• by Editorial Team

Oman plans to offer shares of some state-owned downstream energy companies to the public, partly to raise money as low oil prices pressure its finances, Gulf Base reported, citing Oman’s Oil and Gas Minister, Mohammad...

Oman to Invest $1.8b in Petchem

• Monday, 7th November 2016
• by Egypt Oil & Gas

The state-owned Oman Oil Company (OOC) plans to progress the implementation of three strategic petrochemical ventures by 2017. The total investment are worth $1.81b, reported Trade Arabia. OOC’s CEO, Isam al Zad...