Swedish firm to divest from Oman’s Block 70
MUSCAT - Swedish upstream energy firm Mafraq Energy has announced the divestment of its 65 per cent working interest in Block 70 in central Oman, as it hands over the reins of an ongoing quest to...
Clean energy cooperation at centre of Oman-Swiss ties
MUSCAT: Opportunities for cooperation in the clean energy space, centring primarily around green hydrogen production and export, are expected to dominate official discussions during Swiss President Dr...
Indonesian firm acquires 20% interest in 2 Oman blocks
MUSCAT: Indonesian oil and gas company PT Medco Energi Internasional Tbk (MedcoEnergi) has announced that the Omani government has green-lighted its acquisition of 20 per cent interests in two blocks...
Muscat to host key forum on Oman-EU Energy Transition
28 Nov 2023MUSCAT: Energy cooperation between the Sultanate of Oman and the European Union (EU) is set for a significant boost as Muscat prepares to host next month a key delegation representing the...
OQ’s $10 bn outstanding debt within safe limits: Group CEO
MUSCAT: OQ, the global integrated energy group of the Sultanate of Oman, says its outstanding debt – presently amounting to $10.6 billion as of end-2022 – is well within prudent bounds.Group CEO...
Oman-Australia copper miner targets first output by year-end
MUSCAT: Just over five years after it became the first foreign investor to receive a mining license under Oman’s modernised mining law, the Omani-Australian joint venture Al Hadeetha Resources LLC...
Omani economy to strengthen over medium-term: WB
MUSCAT: Oman’s non-oil economy is projected to grow by over 2 per cent in 2023, bolstered by investments in renewable energy, as well as a rebound in the tourism and construction sectors, the World...
Oman accredits agencies to certify energy efficiency of home appliances
MUSCAT: Oman’s Directorate General for Standards and Metrology (DGSM) – part of the Ministry of Commerce, Industry and Investment Promotion – has unveiled an expanded list of international...
ports to be ‘green gateways’ in low-carbon energy future
MUSCAT: Asyad Group, the integrated end-to-end logistics services provider of the Sultanate of Oman, says the country’s three principal maritime ports at Sohar, Duqm and Salalah are being primed to...
Omantel Group bolsters portfolio with fresh stake acquisitions
MUSCAT: As many as four tech businesses have been added to majority state-owned Omantel Group’s ballooning portfolio of subsidiaries and associates so far this year – acquisitions aimed at...
Omani fuel marketers expand EV charging networks
MUSCAT: Leading fuel marketing companies in the Sultanate of Oman say they are continuing to roll out Electric Vehicle (EV) charging networks in anticipation of an energetic uptake of these...
Salalah Port records 18% jump in general cargo throughput
Port of Salalah, Oman’s leading transshipment and logistics hub overlooking the Indian Ocean, has reported a significant 18.3% increase in bulk cargo volumes handled at the General Cargo Terminal...
EU markets being prepped for imports of Omani green hydrogen
MUSCAT: With international developers committing tens of billions of dollars in investments in green hydrogen production in the Sultanate of Oman – much of it destined primarily for export, Oman’s...
Oman sees domestic green hydrogen demand at 50,000 t/y
MUSCAT: Locally produced green hydrogen necessary to power Oman’s energy transition is projected to rise from around 50,000 tonnes per year (t/y) in 2030 to about 1.4 million t/y in 2050, according...
Collaboration with first-movers to inform CCUS policymaking in Oman
MUSCAT: Oman’s Ministry of Energy and Minerals has pledged to work closely with early adopters of Carbon Capture, Utilisation & Storage (CCUS) technologies in the formulation of a regulatory...
Omani peridotite holds key to Geologic Hydrogen production
MUSCAT: Peridotite rock, currently the subject of a groundbreaking initiative to support carbon sequestration as part of Net Zero goals, is also being carefully studied for its ability to produce...
Pilots prove efficacy of Omani carbon removal tech
MUSCAT: Omani award-winning climate tech start-up 44.01 says a pair of pilot projects has validated the effectiveness of its pioneering carbon removal technology in permanently locking away...
Oman Cement unveils initiatives to boost capacity
MUSCAT: Oman Cement has outlined plans to raise the capacity and overall efficiency of its complex at Misfah in Muscat Governorate through a number of modernization and decarbonization...
Oman’s biggest e-waste recycling project launches in Salalah
MUSCAT: Value creation from electronic waste recycling has commenced in earnest in the Sultanate of Oman with the launch of the country’s largest processing plant at Raysut Industrial City in Dhofar...
Oman’s biggest solar power project now remotely operated
MUSCAT: Oman Electricity Transmission Company (OETC), the owner and operator of the country’s transmission grids, has announced the successful completion of tests to support the remote operation of...