author - oman observer

MUSCAT: Seeking to build on the success of its polymer-based Plastics Cluster at Suhar Industrial City, the Sultanate of Oman is advancing plans to develop an Aluminium Processing Cluster anchored by...

CONRAD PRABHU MUSCAT: Leading international ratings agency Moody’s has revised the outlook for Oman’s banking sector (Baa3 stable) to stable from positive, citing expectations that non-oil GDP...

MUSCAT: Brazilian meat giant JBS, the world’s largest protein producer, has announced a $150 million investment in Oman — a deal that positions the Sultanate of Oman as a strategic production base...

MUSCAT: The first of three new development wells targeting the offshore Yumna Field in Block 50 off Oman’s eastern seaboard will be drilled starting next month, marking a renewed campaign to bolster...

MUSCAT: The landmark polysilicon project of United Solar Polysilicon (USP) commenced operations at the Sohar Freezone over the weekend, marking Oman’s entry into advanced high-tech and clean-energy...

MUSCAT: Having achieved a notable increase in its processing capacity, Duqm Refinery is now embarking on a number of initiatives to optimise value creation from the estimated $9 billion project...

MUSCAT: Oman Investment Authority (OIA) is increasingly channelling capital into high-potential non-energy sectors — from logistics and manufacturing to tourism and digital industries — in support...

Leading Chinese wind turbine manufacturer Goldwind has announced the successful installation of the first wind turbine at the Riyah-2 wind farm project in Nimr West in Dhofar Governorate — the first...

MUSCAT: UK-based upstream energy company Genel Energy has announced the successful completion of the re-entry and workover of the Batha West-1 (BW-1) well in Block 54 in Oman’s Al Wusta Governorate...

MUSCAT: In a significant boost to Oman’s ambition to localise heavy industry around its emerging green hydrogen ecosystem, a leading international investor has secured full offtake coverage for its...

MUSCAT: Oman plans to roll out a roughly 400-kilometre pipeline network connecting green hydrogen production sites to major industrial hubs as well as export terminals across the Sultanate of Oman....

 MUSCAT: Export diversification will be critical to Oman’s long-term economic sustainability, according to a new International Monetary Fund (IMF) report, which urges faster development of a...

MUSCAT, JAN 24 Qatari energy company Nebras Energy has strengthened its footprint in Oman’s power sector by acquiring substantial stakes in two major gas-fired projects awarded by Omani authorities...

MUSCAT: The Oman Net Zero Centre (ONZC) has announced plans to establish a national framework for issuing, verifying and registering energy and low-carbon product certificates in the Sultanate of Oman...

MUSCAT, JAN 22 Belgium-based global building materials group Etex has announced the acquisition of a 25 per cent stake in Kunooz Gypsum, a subsidiary of Kunooz Oman Holding (KOH), a prominent Omani...

MUSCAT: As many as six mega solar Independent Power Projects (IPPs), with an aggregate capacity of around 6 GW, are envisaged to be brought into operation over the 2030–31 timeframe — an...

MUSCAT: Oman Electricity Transmission Company (OETC), the sole operator of the Sultanate of Oman’s transmission system, is currently executing projects valued at over RO 250 million, aimed at...

A new Investment and Commercial Court currently under establishment in the Sultanate of Oman will be mandated to adjudicate disputes within a 90-day timeframe, with more complex cases granted a...

MUSCAT, JAN 18 Tax revenues are projected to rise to RO 2.531 billion in 2030, up from RO 1.990 billion estimated for 2026, reflecting both the Omani government’s drive to diversify its revenue base...

MUSCAT: Investments totaling around RO 1.275 billion — spanning the industrial, petrochemical, green energy, food processing and logistics sectors — are currently under development in Salalah Free...