Oman crude attracts premium in DME auction
@JmObserver - Dubai Mercantile Exchange (DME) announced on Tuesday that its DME Auction platform was utilised by the Omani Ministry of Energy and Minerals to auction a cargo of one million barrels...
Premium auto brand Exeed to roll into Oman
MUSCAT: Premium auto brand Exeed will roll into Oman, with the company reportedly in talks with leading automobile groups for distributorship here. On March 13, 2022, the Exeed brand media release has...
OFWs can vote for Philippine polls till May 9
Muscat: Filipinos living in the Sultanate of Oman can vote for the Philippine national elections till May 9, the actual date of voting in the country.According to sources in the Philippine Embassy,...
Oman now 100th country to ratify Maritime Labour Convention
MUSCAT: The Sultanate of Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers — a milestone that was commemorated on Monday by a...
Filipinos in Oman cast votes
MUSCAT: Filipinos in the Sultanate of Oman can now cast their votes for the 2022 national elections. The overseas voting for the 2022 Philippine national and local elections started on Monday (April...
Worley wins contract to support Green Energy Oman project
@JmObserver - Leading international engineering services giant Worley has announced that it has been contracted by Green Energy Oman (GEO), an international consortium, to support their 25-gigawatt...
MSX to allow full foreign ownership in listed companies
@JmObserver - In a move to attract more international investors and foreign capital inflows into the country, the Muscat Stock Exchange (MSX) plans to allow 100 per cent full foreign ownership in...
Sultanate of Oman’s Islamic banking on positive trajectory: Fitch
International credit rating agency Fitch says the Islamic banking sector in the Sultanate of Oman is likely to sustain its positive trajectory in the short-to-medium term despite a number of...
Omani wind turbine innovation wins top prize in GCC contest
A novel vertical axis wind turbine project based on highway energy harvesting, submitted by students of UTAS-Ibri, has scooped the biggest honour at the recently concluded 4th Youth Research Forum...
641.5% growth in European guests in 3-5 star hotels in Oman
The monthly statistical bulletin of tourism indicators issued by the National Centre for Statistics and Information (NCSI) reveal that the number of European visitors during January 2022 recorded the...
Oman crude spikes to $110.81/b in record single day surge
Oman crude gained $9.96 per barrel overnight – the biggest single day surge – to settle at $110.81 per barrel on Wednesday, tracking sharp spikes recorded by international benchmarks in response...
Oman crude jumps to over $100/b for first time in 8 years
Oman crude prices surged more than 5 per cent on Tuesday to $100.85 per barrel as international oil markets weighed a coordinated international release of crude inventories against Russian supply...
Oman to award three Oil & Gas blocks this year
Eng Salim al Aufi, Under-Secretary of Oman's Ministry of Energy and Minerals, said the government is planning to award three more blocks to oil and gas companies this year to ramp up the country's oil...
Oman crude surges to $96.51 per barrel
Oman crude jumped nearly 4 per cent to reach $96.51 per barrel in trading on the Dubai Mercantile Exchange (DME) on Tuesday, tracking seven-year highs witnessed by leading international benchmarks...
39.7% increase in price of Oman crude in 2021
Key trend: China remained the dominant destination for Omani crudeThe average price of Oman crude oil saw an increase of 39.7 per cent by the end of December 2021 compared to the same period in 2020,...
TRA partners with US firm to enhance 5G networks in Oman
The Telecommunications Regulatory Authority (TRA) of the Sultanate of Oman has entered into a collaborative partnership with Ookla, a US-based digital media and internet company, as part of the...
Tethys Oil net result up by more than 400%
Tethys Oil, a Swedish oil company, which holds interests in Oman’s Blocks 3&4, Block 49, Block 56 and Block 58, announces that its net result is up by more than 400 per cent. This was revealed by...