author - oman observer

The UK-based engineering giant Petrofac, has announced that it has secured a new contract and an award of an additional scope of work, with a combined value of about $130 million with Petroleum...

MUSCAT, DEC 21 - Underscoring growing international interest in the Sultanate’s renewable energy sector, Swedish thermal energy storage firm Azelio has announced a partnership with local Omani...

MUSCAT, DEC 14 - The price of Oman crude averaged $64.1 per barrel during the first ten months of 2019, which was lower by 5.3 per cent over the corresponding period of last year, the Central Bank of...

MUSCAT, dec 11 - China remained the top destination for Omani crude exports during November 2019, lifting 92.99 per cent of total exports of 28.857 million barrels during the month, the Ministry of...

MUSCAT, DEC 9 - French environmental services provider Suez has announced that it has been awarded a contract to optimise the energy consumption of Muscat’s drinking water production and...

MUSCAT, DEC 9 - Indian based project management, engineering, manufacturing and construction firm Nuberg EPC has been awarded a contract for the expansion of an existing chlor-alkali plant, as well as...

MUSCAT, NOV 20 - Omani crude oil prices averaged $64.3 per barrel during the first half of 2019, which was higher by 0.6 per cent over the corresponding period of last year — an uptick that also...

MUSCAT, NOV 11 - Omani listed firm National Gas Company Oman SAOG (NGC), in partnership with Singapore-headquartered Petredec, a Singapore-based international fuels supplier, has broken ground on an...

Renaissance Services, a publicly traded firm listed on the Muscat Securities Market (MSM), plans to ramp up the capacity of its Employee Accommodation Facility, named ‘Renaissance Village Duqm’,...

MUSCAT, NOV 3 - The Nimr Water Treatment Project (NWTP) in south Oman, billed as the largest industrial constructed wetland system in the world, has won the Award of Excellence in Climate Action at...

UK-based international oilfield and petrochemical engineering services giant Petrofac has announced that it has secured a contract to support the development of a flared gas recovery project in the...

Oman’s nominal Gross Domestic Product (GDP), after growing at an accelerated pace of 12 per cent during 2018, declined by 1.6 per cent during the first quarter of 2019, according to the Central Bank...

Omani crude exports to China jumped 22.46 per cent m-o-m to 77.96 per cent of total exports of 25.778 million barrels during September 2019, the Ministry of Oil and Gas said in its monthly...

Adding to a succession of agreements inked in recent months, Salalah Free Zone (SFZ) has announced the signing of a pact for the establishment of Salalah Logistics Wholesale City with an investment of...

MUSCAT, SEPT 22 - The Sultanate’s nominal Gross Domestic Product (GDP), after growing at an accelerated pace of 12 per cent during 2018, declined by 1.6 per cent during the first quarter of 2019,...

Raysut Cement Company SAOG, the Sultanate’s biggest cement producer, has announced plans to set up a cement grinding unit in the Special Economic Zone (SEZ) at Duqm with an investment of around $30...

MUSCAT, JULY 6 - Raysut Cement Company SAOG, the largest cement manufacturer in the Sultanate, has announced a partnership with MSG Group of Companies, a business-housed based in Somaliland, for the...

Renaissance Services SAOG, a leading international facilities management and service solutions company listed on the Muscat Securities Market (MSM), announced yesterday that it has struck a deal worth...

MUSCAT, JUNE 29 - The Secretariat General for Taxation (SGT) — part of the Ministry of Finance — has extended by 15 days the deadline for businesses to file the transitional Excise Tax return,...

MUSCAT, JUNE 29 - Abengoa, a Spanish-based international firm specialising in infrastructure, energy and water projects, has announced the successful completion of a major electricity transmission...