Business - oman observer

Saturday, July 18, 2026 | Safar 3, 1448 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
Average oil production from PDO-operated assets increased to 706,000 bpd in 2025, from 680,000 bpd in 2024
Shell’s reported Oman payments fall 13% as Block 6 output rises

MUSCAT: Payments reported by energy major Shell to Omani government bodies from extractive activities declined by about 13 per cent to $3.99 billion in 2025, despite an increase in oil production from its flagship Block 6 in the Sultanate of Oman, according to company and official data. The decline from approximately $4.59 billion in 2024 does not by itself indicate...
Average oil production from PDO-operated assets increased to 706,000 bpd in 2025, from 680,000 bpd in 2024

Shell’s reported Oman payments fall 13% as Block 6 output rises

Hydrom joins World Bank-backed green hydrogen partnership
Midrex Technologies is the global leader in DRI technology

Engineering contract inked for Duqm green iron project
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Bank Nizwa proposes Alizz merger, Ominvest to take strategic stake
The reform will cover eligible Omani workers as well as specified categories of non-Omani employees in the public and private sectors.

New payroll, leave insurance reforms begin next week
Under the arrangement, 50 per cent of the urea purchased by OQ Trading from OMIFCO will be supplied to the Government of India.

OMIFCO signs key pact to supply urea to India
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington. — Reuters file photo

Boeing nears approval of 737 MAX anti-ice fix, paving way for deliveries
a new wave of tariffs could be imposed on dozens of countries, including ⁠China, the European Union, India, Japan, South Korea and Mexico.

US imposes 25% tariffs on most Brazil imports
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Oil falls on US-Iran conflict risks
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US to impose 25% tariff on most Brazilian imports
Alex Tancock, CEO — InterContinental Energy (ICE).

ICE sees Oman green ammonia exports bound for Europe
The city has begun infrastructure works covering 1.34 million square metres of its planned 9 million square metre site.

Al Mudhaibi Industrial City attracts RO 15 million investments
Total investment in the industrial city has exceeded RO 280 million.

Al Buraimi builds trade hub role
Muscat International Airport handled 4.76 million passengers.

Oman airports handle 5.25 million passengers
The value of sales contracts rose 2.9 per cent to RO 551.8 million across 27,864 transactions.

Oman property deals reach RO 1.17 billion
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Trending Stories
A damaged portion of a bridge in the aftermath of a US strike, in Bandar Khamir, Hormozgan province, Iran

Iran accuses US of hitting civilian infra

President Ilham Aliyev with Ambassador Saif bin Rashid al Jahwari in Baku on Friday

Ambassador presents credentials to Azerbaijan President

A Palestinian man inspects the site of an Israeli strike at the Bureij refugee camp in central Gaza Strip

Ex-leaders warn of threat to future Palestinian state

Newly elected leader of Britain's Labour Party Andy Burnham gives a thumbs-up by Gravesend Town Pier as he leaves following his first engagement as leader, in Gravesend, Kent

Burnham takes Labour helm, vows to restore hope

Ukrainian President Volodymyr Zelensky and British Prime Minister Keir Starmer lay a wreath at a memorial wall to those who have fallen during Ukraine's conflicts, in Kyiv

Defence shake-up sparks rift at heart of Ukraine’s war effort

Firefighting helicopters load water to battle wildfires affecting Zaragoza province, in Farasdues, Spain

Wildfires, drought and storms hound Europe even as heatwave recedes

Average oil production from PDO-operated assets increased to 706,000 bpd in 2025, from 680,000 bpd in 2024

Shell’s reported Oman payments fall 13% as Block 6 output rises

Hydrom joins World Bank-backed green hydrogen partnership

BUSINESS VIDEOS
Economy
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China’s economy grows at slowest pace in years

HONG KONG — China’s economy last quarter grew at the slowest rate in three years, reflecting a broader slump that the country’s leaders signaled earlier this year when they set the lowest growth target in more than three decades. On Wednesday,...

Delivery of the six newbuilds from Hyundai Heavy Industries will start from 2029
Asyad Shipping orders six product tankers in $308m deal
CEPA provides duty-free access for goods covering 99.38 per cent of India’s export value to Oman.
First CEPA shipments set Oman-India trade agreement in motion
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Gold slips on inflation jitters as tensions flare
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Global economy faces sharp slowdown: IMF
Majis Industrial Services specialises in industrial water solutions and utilities serving Suhar's industrial sector.

Rakiza — IV3 Aqua to acquire OQ stake in Suhar industrial water utility
Opinion
Mohja Al Maskary
Mohja Al Maskary Inflation and price rise in Oman
Dr Najma Al Zidjaly
Dr Najma Al Zidjaly Justice for Haaland — and a lesson from Argentina
Mohammed Anwar Al Balushi
Mohammed Anwar Al Balushi The economy of the elite: Who really benefits from growth?
Markets

USA-TRUMP/

Trump drops plan to tax ships

Iran threatens to block more vital seaways

Oman crude surges by over $10 to $82.17

FSA de-registers Reliance Audit firm over unlicensed practice

Oil prices surge on US-Iran attacks; tech shares fall

Banking

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Bank Nizwa proposes Alizz merger, Ominvest to take strategic stake

Central Bank of Oman announces fee waiver for local digital transfers

Treasury bill issuance reaches RO 61 million

Oman banks face trust test as AI reshapes financial services

Oman’s AI race moves from apps to infrastructure

Energy

Average oil production from PDO-operated assets increased to 706,000 bpd in 2025, from 680,000 bpd in 2024

Shell’s reported Oman payments fall 13% as Block 6 output rises

Hydrom joins World Bank-backed green hydrogen partnership

Engineering contract inked for Duqm green iron project

Oman’s electricity production rises by 6.8%

Oil prices surge as Hormuz disruption continues

Aviation
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Thales, Ankaa to deliver multi-mission air traffic surveillance radars to CAA

Muscat: Thales, a provider of advanced technologies for the defence, aerospace, and cyber & digital sectors, has signed an agreement with Oman's Ankaa for a contract by the Civil Aviation...
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Air travel to the Middle East picks up in the summer: Report

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Oman Air to launch daily Muscat-Abu Dhabi flights

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Airline ticket prices may stay high as carriers bank fuel relief from Iran deal

Travel demand remains high, airlines might not even consider cutting fares until the fall or winter, when demand weakens, analysts said.

Why airfares may not fall after the US-Iran deal

ENTREPRENEURS
Shell’s reported Oman payments fall 13% as Block 6 output rises

MUSCAT: Payments reported by energy major Shell to Omani government bodies from extractive activities declined by about 13 per cent to $3.99 billion in 2025, despite an increase in oil production from its flagship Block...

Average oil production from PDO-operated assets increased to 706,000 bpd in 2025, from 680,000 bpd in 2024

Hydrom joins World Bank-backed green hydrogen partnership

Engineering contract inked for Duqm green iron project

China’s economy grows at slowest pace in years
Property
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Tanmia, FIM Partners to launch $250m Oman real estate development fund
Driverless cars entered closed-off highway construction zones
Waymo recalls nearly 4,000 robotaxis after freeway forays
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ASYAD announces operational readiness of Muscat Airport Free Zone
Tourism

Petra Hedorfer, Chief Executive Officer, German National Tourist Board (GNTB), delivering keynote address at the fifth GNTB Incoming & Brand Summit in Frankfurt. ~ Picture by @GNTB/Florian Trykowski

Germany strengthens cultural tourism appeal through innovation, heritage and authentic experiences

High-end tourism projects advancing across Oman

Salalah Future City moves from vision to design stage

Travel industry hit by widespread short-notice cancellations

Tourism law sets stricter rules and raise standards

Tourism output in Oman reaches RO 2.2 billion

United States sees a drop in international visitors in 2025

Cars

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How Volkswagen’s troubles were made in China

Ferrari’s first EV runs into backlash in Italy

Tesla’s newest EV could jolt the trucking industry

Strait of Hormuz blockade to boost EV demand

RO 96 million Korean EV, battery plant planned in SEZAD

Toyota expects $4.3 billion hit from war fallout

The mighty engine that Jaguar built, and built Jaguar

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