author - oman observer

@JmObserver - Tethys Oil, a Swedish oil company which has interests in the Sultanate of Oman’s Blocks 3 and 4, Block 49, Block 56 and Block 58, announces that oil production is expected to...

@JmObserver - Global economic power China retained its position as a top destination of Omani oil exports, with 79.1 per cent of total crude exports, the Ministry of Energy and Minerals said in a...

Petroleum Development Oman (PDO), the country’s largest oil and gas producer, says it is integrating its entire asset monitoring system with the creation of an Integrated Operations Centre (IOC)....

Oman's oil exports to Japan recorded a remarkable growth of 172.1 per cent to reach 9.21 million barrels until the end-September, compared to the same period last year. It increased by 801,500 barrels...

@JmObserver - With the rise in crude prices globally, the GCC economies are expected to turn positive their fiscal balance after seven years in 2022 at 7.3% of GDP followed by 6.0% of GDP in 2023,...

OQ Chemicals, a wholly owned subsidiary of OQ — the Sultanate’s integrated energy group — and Röhm, a leading MMA producer and portfolio company of Advent International, officially broke ground...

Publicly traded Oman Chromite Company SAOG (Oman Chromite), in a filing to the Capital Market Authority (CMA), has announced the signing of a purchase agreement worth RO 500,000 for a 20 per cent...

The Oman Investment Authority (OIA) participated in the sixth edition of the Future Investment Initiative (FII) held last week in Riyadh, Saudi Arabia. During the event, OIA held a meeting with a...

The Sultanate of Oman recorded the lowest inflation rate in the Gulf Cooperation Council countries during September 2022. The inflation rate in Oman increased by 2.4 per cent year-on-year (y-o-y)...

@JmObserver - Tethys Oil, a Swedish oil company which holds interests in the Sultanate of Oman’s Blocks 3 and 4, Block 49, Block 56 and Block 58, announces that its share of production from Blocks...

Against a backdrop of heatwaves and droughts in certain parts of the world, and record rainfall and devastating floods in others, a one-billion-dollar development in Oman is literally building a...

@JmObserver - The Oman-Australia Cable (OAC) — a 9,800 kilometre subsea cable manufactured and installed by SUB.CO that links the Sultanate of Oman to Western Australia — was officially switched...

@JmObserver - Bank Muscat sold its 27.29 per cent stake in Saudi-based SICO Capital to Bahrain-based investment bank SICO BSC for a consideration of RO 1.95 million.In a disclosure submitted to...

The total refinery products and petroleum industries in the Sultanate of Oman fell by 4.5% at the end of September compared to the same period last year, and auto fuel production fell by...

The total revenues of local banks listed on the Muscat Stock Exchange (MSX) for the first nine months of 2022 reach RO 930.8 million as compared to RO 861.1 million during the same period last year....

@JmObserver - Boosted by its success since the launch of its bidding website in 2020, Behar —Oman’s first fisheries e-platform — has signed an agreement with Al Fahda Development and...

@JmObserver - The Government of the Sultanate of Oman will implement a second Oracle Dedicated Region Cloud@Customer to help meet national data sovereignty requirements and establish a comprehensive...

@JmObserver - The Sultanate of Oman, represented by the Ministry of Energy and Minerals (MEM), supports the decision of Opec+ to cut oil production as agreed this month. The statement was made on...

The total value of GCC contracts awarded during Q3 2022 year-on-year (y-o-y) reached $11.1 billion, a decline of 40.8 per cent as compared to $18.8 billion in awards during the same period in 2021,...

@JmObserver - The Sultanate of Oman recorded the highest global progress in its score of 71.2 — a +13.8 net change in overall score in 2022 versus 2012 — in Global Food Security Index (GFSI)...