author - oman observer

Amid a year hit hard by low international oil prices and weakened global LNG demand, Oman LNG saw revenue decline to $2.503 billion in 2020, down from $3.845 billion a year earlier. Net Income After...

Value creation: ‘Industry Development of Energy and Minerals’ to support downstream processing and localisation of Sultanate’s mineral wealth @conradprabhu A new unit has been set up under the...

Strengthening food security: Nationwide network of outlets to support marketing of locally cultivated fruits and vegetables @conradprabhu The Agricultural Production and Marketing Company (APMC), a...

Plans for the implementation of a privately-owned oil refinery at Duqm Special Economic Zone have been firmed up following the signing of a key agreement with a well-known Canadian-based international...

A competitive tender for the implementation of a new large-scale 100MW wind power project, planned in the southern part of the Sultanate, is due to be floated before the end of this year. The...

Petroleum Development Oman (PDO) and its parent holding company Energy Development Oman (EDO) are moving ahead with plans for the implementation of a new renewables-based Independent Power Project...

The Oman Chamber of Commerce and Industry (OCCI) has proposed the establishment of an autonomous, high-level agency to assist the Capital Market Authority (CMA) and Ministry of Health in the effective...

Firming up its ambitious plans to procure and launch Oman’s maiden satellite, wholly government-owned Space Communications Technology LLC (SCT) has invited international companies to compete for its...

The uptake of insurance coverage in the Sultanate fell in most of the key segments of the sector during 2020 as the protracted global economic downturn, compounded by the coronavirus pandemic, took...

OQ — Oman’s global integrated energy group — says it sees the potential for investments in decarbonised steel, cement and other low-carbon industries once green hydrogen production from...

Showcasing its promising renewable energy potential, Oman has urged global energy powerhouse Canada to consider investing in clean energy projects, among other economic sectors that are at the heart...

Oman Investment Authority (OIA), the Sultanate’s integrated sovereign wealth fund, has reaffirmed that State-of-Enterprises (SOEs) operating under its auspices will not compete with the private...

The Public Establishment for Industrial Estates (Madayn) has initiated the development of a new industrial city in Musandam Governorate – the first of its kind in the Sultanate’s strategically...

The Sultanate’s crude oil benchmark – Oman Crude Futures Contract – has registered a growth of over 300 per cent in trading on the Dubai Mercantile Exchange (DME) since the onset of the global...

@conradprabhu Adding new momentum to its ambitions to jumpstart the growth of a Green Hydrogen economy in the country, Oman is preparing to create an ‘alliance’ of local and international...

@conradprabhu The contribution of Oman’s thriving insurance industry’s to the country’s Gross Domestic Product (GDP) climbed to 1.87 per cent last year (equivalent to RO 466 million in value...

Carbon-free electricity will shortly begin flowing from Oman’s first commercial-scale solar PV-based renewable energy project currently under commissioning in Ibri in Al Dhahirah Governorate. It...

Oman’s capital market grew a significant 7.86 per cent in volume to reach a value of RO 20.24 billion at the end of 2020, up from RO 18.77 billion a year earlier – an increase that attested to...

Streamlined process: ‘Beneficiary Code System’ enables all government contractors to obtain a reference number through which their payments will be transferred Contractors and vendors are...

Promising exports: $10m plant eyes US, European and Mideast markets An Omani-Indian joint venture has announced the commercial launch of its new engineered quartz stone products manufacturing plant...