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Thursday, December 18, 2025 | Jumada al-akhirah 26, 1447 H
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Energy

Fitch upgrades EDO to investment-grade BBB-

Muscat: Fitch Ratings has upgraded the credit rating of Energy Development Oman (EDO) to investment grade at 'BBB-', assigning a stable outlook. This action follows the agency's recent upgrade of the...

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Oil market on edge as ME tensions threaten Iranian exports

Higher oil prices would drive up inflation, slow economic growth and complicate monetary policy decisions in both developed and emerging economies.

Oman unlocks RO 11 bn to power 10th 5-year plan

This reflects a 72% increase compared to the initial allocation of RO 6.414 billion when the plan was launched.

Oman unlocks RO 11 billion to power final phase of 10th plan

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OQAE begins operational phase of clean energy project pipeline

In addition to being the first clean energy projects to progress from concept to implementation, Riyah-1, Riyah-2, and North Oman Solar are also set to create a number of firsts for OQAE.

Oil steady after US stockpile build, Saudi Arabia price cuts

The price cut by Saudi Arabia followed the OPEC move over the weekend to increase output by 411,000 barrels per day (bpd) for July — Reuters

Global energy investment set to hit record $3.3 trillion in 2025, IEA says

Solar power is expected to be the biggest beneficiary, with investment forecast to reach $450 billion in 2025— Reuters

Oman advances diverse energy portfolio: EDO

Oman moving towards integrated, diversified energy portfolio - EDO

RO 2.1 billion disbursed in subsidies last year

The largest share of subsidies, amounting to RO 565 million, was directed to the electricity sector.

Oman’s liquid H2 corridor a model for global hydrogen trade

The Liquid Hydrogen Corridor could serve as a clean energy artery linking the Middle East with Europe.

OETC completes fault current limiter project

The project has a total investment value exceeding RO 4 million.

Gulf exports to Korea nearly halve in 2023

Hydrocarbon exports from the Gulf to Korea fell by 47.2% in 2023.

Oman posts RO 540m surplus on oil gains

Oil revenues rose by 26 per cent year-on-year to RO 7.45 billion, while gas revenues climbed to RO 1.82 billion, marking a 16 per cent gain from budget estimates.

ADNOC Drilling enters Oman market in $112m deal

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Oman’s HyDuqm hydrogen project eyes FID in 2027

The project is slated to enter the engineering design phase before the end of this year.

Oman-Yemen power grid interconnection under study

Interconnectivity enabled the export of 775,637.38 MWh of power from Oman, and import of 63,948.41 MWh through the existing GCCIA linkage.
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