author - oman observer

Schlumberger Oman & Co LLC, the Omani subsidiary of global oilfield services giant Schlumberger (SLB), has pledged to subscribe 37.739 million shares in the Initial Public Offering (IPO) of Omani...

Oman Investment Authority (OIA), the biggest investor in the Omani economy, is among a number of ministries and public sector entities that will take part in next week’s International Semiconductors...

A mega crude carrier with dual-fuel propulsion systems, among other unique capabilities, called at the Mina Al Fahal Crude Oil Export terminal off Muscat recently in the first such visit of its kind...

The important strides made by the Sultanate of Oman in decarbonising its power generation sector have been highlighted by the International Energy Agency (IEA) in a newly published report that tracks...

MUSCAT: A long-term National Space Policy issued recently by the Omani Ministry of Transport, Communications and Information Technology (MTCIP) has identified as many as 14 projects and investment...

MUSCAT: Pressing ahead with its strategy to harness renewable energy resources for its electricity requirements, the Sultanate of Oman – represented by Oman Power and Water Procurement Company...

The Initial Public Offering (IPO) of wholly-state owned Abraj Energy Services – a subsidiary of OQ Group – commences on February 20, 2023 with 49 per cent of the total issued share capital of the...

Swedish upstream energy firm Tethys Oil plans to drill its first exploration well in Block 58, a wholly-owned and operated concession in south Oman, with the goal of targeting promising hydrocarbon...

Oman Chromite Company, partly owned by the Omani government represented by Minerals Development Oman (MDO), has announced a record production of 105,992 tonnes of chromite ore during 2022,...

Swedish energy firm Tethys Oil has pledged to invest between $85 - 95 million in the development of its upstream oil and gas assets in the Sultanate of Oman during 2023.The allocation is roughly on...

The Sultanate of Oman’s newly unveiled National Space Policy targets, among other strategic goals, the establishment of a domestic industry that will support the assembly of satellites and space...

MUSCAT: The Central Bank of Oman (CBO) has begun publishing for the first time the International Investment Position (IIP) of the Sultanate of Oman – a new fiscal metric that serves as a balance...

MUSCAT: Expatriate remittances declined 7.5 per cent to around RO 3.120 billion in 2021, the Central Bank of Oman (CBO) revealed in its newly released Annual Report for the year.The slump, coming on...

MUSCAT: Personal loans disbursed by licensed lenders in the Sultanate of Oman climbed 2.7 per cent to hit a new peak of RO 10.542 billion in 2021, the Central Bank of Oman (CBO) revealed in its newly...

MUSCAT: Hydrom, the wholly government-owned company tasked with overseeing the delivery of Oman’s green hydrogen strategy, has announced a month-long extension of the deadline for submission of bids...

The Sultanate of Oman’s longstanding currency peg regime, which ties the Omani rial to the US Dollar based on a fixed exchange rate, has been credited with helping mitigate the effects of runaway...

A five-year strategy first unveiled by Muscat Stock Exchange (MSX) last year seeks to position Oman’s only bourse as a “world-class exchange with a global presence”, according to Haitham bin...

MUSCAT: Efforts to establish a first-ever metro network across the capital city of the Sultanate of Oman are now off the starting blocks with the Ministry of Transport, Communications and Information...

MUSCAT: A key study commissioned by Asyad Group – the integrated logistics provider of the Sultanate of Oman – envisions the potential for the development of a dedicated pipeline carrying hydrogen...

MUSCAT: Oman’s Ministry of Finance has joined its counterparts in the wider Middle East region in backing a key regional forum that espouses the importance of Public Private Partnerships (PPP) in...