oil and gas
China lifts 81.4pc of Omani crude exports in December
January 14, 2021China was the leading destination for Omani crude oil exports in December 2020, lifting 81.4 per cent of Oman Export Blend averaging 806,831 barrels......
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Muscat Gases to acquire Al Aman
January 12, 2021Muscat Gases Company on Monday announced that it will acquire 100 per cent share capital of Al Aman Industrial & House Gas Company LLC. ‘Muscat......
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Tethys Oil spuds exploration well on Block 49
January 5, 2021MUSCAT, Jan 4 – Swedish energy firm Tethys Oil has announced that drilling operations of exploration well Thameen-1 on Block 49 onshore Oman......
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Oman’s oil output decreases 2 per cent this year, exports drop 7 per cent
December 29, 2020The coronavirus pandemic and global economic recession had a limited overall impact on Oman’s total petroleum production volumes this year......
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Sultanate, Hungary ink pact on enhancing economic cooperation
December 29, 2020Muscat: The Sultanate, represented by the Ministry of Commerce, Industry and Investment Promotion on Monday signed an agreement with Hungary. The......
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Sultanate’s average oil price falls 6.1% in Nov 2020
December 29, 2020Muscat: The Sultanate’s oil production, including condensates, stood at 318.62 million barrels until the end of November 2020, according to......
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BP announces completion of first well stimulation on Block 61
December 23, 2020BP Oman on Tuesday announced the successful completion of the first well stimulation on Block 61 by Abraj Energy Services, marking a significant......
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Oil prices skid as new Covid strain fuels demand worries
December 22, 2020Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions......
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MEDC holds 7th Annual Technical Forum
December 22, 2020MUSCAT, Dec 21 – Muscat Electricity Distribution Company (MEDC), a member of Nama Group, will hold the seventh edition of its annual technical......
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Production of refineries falls 9.7%
December 20, 2020Muscat: The Sultanate recorded a 32 per cent fall in the production of standard grade petrol (M-91) by Omani refineries at the end of October 2020,......
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