New pharma project strengthens Khazaen’s Medicine Cluster
MUSCAT: Khazaen Economic City has received a significant boost to its expanding Pharma Cluster with the signing of a new investment agreement for a fully integrated human pharmaceutical manufacturing...
Asyad Shipping invests RO 149.6m in next-gen VLCCs
MUSCAT, JAN 14 Asyad Shipping, the national maritime transportation company of the Sultanate of Oman, has signed agreements for the construction of three Very Large Crude Carriers (VLCCs) from a...
Vehicles to be all-electric in Oman
MUSCAT, JAN 13 Oman’s transportation decarbonisation road map sets out a three-phase pathway to Net Zero by 2050, combining policy, technology and infrastructure measures to accelerate the shift...
Major initiatives to transform Oman’s industrial cities
MUSCAT, JAN 12 The Public Establishment for Industrial Estates (Madayn) has outlined 98 initiatives for implementation during the 11th Five-Year Development Plan (2026–2030), aimed at expanding...
Oman’s Asyad Shipping sells four ageing LNG vessels
MUSCAT: Asyad Shipping, the majority state-owned Omani national maritime transportation company, has announced the sale of four legacy LNG vessels that once played a central role in establishing Oman...
New lease of life for Omani state-owned glass container maker
MUSCAT, JAN 10 The recent decision by the Board of Directors of majority state-owned Majan Glass SAOG to approve an offer for its acquisition by an Omani investor represents a potential new lease of...
$5 bn low-carbon steel Mega Hub in Oman set for Final Investment Decision this year
MUSCAT: A Final Investment Decision (FID) for a multi-billion-dollar low-carbon steel complex planned by Brazilian mining conglomerate Vale at the Special Economic Zone at Duqm (SEZAD) is expected...
200km dedicated H2 pipeline planned in Al Duqm
Hydrogen pipeline networks spanning approximately 200 kilometres are planned for development in Al Duqm, with dedicated pipeline systems also envisaged for Salalah, according to OQ Gas Networks...
First Omani industrial city listed on MSX’s Third Market
MUSCAT: Al Rusayl Industrial City — the first industrial cluster established in the Sultanate of Oman — has been formally listed on the Third Market of the Muscat Stock Exchange (MSX), marking a...
Novel tech to unlock ultra-heavy oil reservoir
MUSCAT, JAN 6 Two US-based, energy-linked firms have announced that they have been selected by the Omani government to assess the viability of deploying advanced electric heating technology to unlock...
Uptrend in Oman’s non-hydrocarbon revenues
MUSCAT, JAN 5 Non-hydrocarbon revenues — encompassing taxes, levies, fees and other non-oil income streams — continue to trend upward, reflecting the Omani government’s sustained efforts to...
Gas deals lift Oman’s net gas revenues in 2026
MUSCAT, JAN 4 Net gas revenues are projected to rise by 10.4 per cent to RO 1.961 billion in fiscal 2026, up from an estimated RO 1.777 billion in 2025, marking a notable increase driven largely by a...
Oman spent RO 7.3 bn on subsidies during 10th Plan
MUSCAT: The Omani government’s subsidy allocations for key utilities and public services totalled a substantial RO 7.3 billion over the 2021–2025 period of the 10th Five-Year Plan, underscoring...
Oman to advance 20 PPP and Offset projects in 2026
MUSCAT, Jan 2 More than 20 projects and initiatives are planned for advancement and implementation during 2026 under the Omani government’s Public-Private Partnership (PPP) programme, as well as its...
1,600 MW of solar and wind projects under procurement in Oman
MUSCAT,: Having overseen a sizable increase in renewable energy capacity in 2025, Nama Power and Water Procurement Company (Nama PWP) – the single buyer of electricity and desalinated water in the...
30 clean energy sectors to power Oman’s growth
MUSCAT, DEC 31 A new report by the Majan Council, a Muscat-based think tank focused on regional development and advancement, has identified 30 clean energy–related sectors with strong potential to...
Oman mulls ‘Unified Gas Buyer’ for power sector
MUSCAT, DEC 30 The Ministry of Energy and Minerals has revealed that it is studying the establishment of a ‘Unified Gas Buyer’ for Oman’s electricity sector, a move aimed at supporting the...
Project to position Oman as global grain trading hub
MUSCAT, DEC 29 A Memorandum of Understanding (MoU) signed recently between Salalah Mills Company SAOG and the Port of Salalah will pave the way for the development of a Strategic Silos Project at...
Al Duqm emerges as Oman’s launchpad for Petrochemicals 2.0
MUSCAT, DEC 28 A new chapter in Oman’s industrial development is taking shape in Al Duqm, as policymakers, energy companies and industrial leaders converge around a shared vision for...
OQGN invites Expressions of Interest for CO₂ pipeline network in Oman
MUSCAT: OQ Gas Networks (OQGN), part of OQ Group, has invited local companies to submit Expressions of Interest (EoIs) outlining the roles they could play in a future national CO₂ pipeline network,...