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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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OQ8 completes LRT, unlocking $4 billion in shareholder guarantees

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Trade tensions keep oil prices near multi-year lows

The benchmarks fell 14% and 15% after Trump's tariff announcement— Reuters

Omani non-oil exports to US hold strong despite rising tariff concerns

PET accounts for a significant share of Omani non-oil exports to the US

Oman Maritime, Ports & Energy Forum from April 28

Asyad Group is a strategic partner of the forum

Oman’s oil output target for May raised to 768K bpd

Higher oil prices over the past year have contributed positively to Oman’s economy.

Masirah Oil seeks farm-in partner for Oman Block 50

During 2024, output from Block 50’s Yumna field totaled 864K stock tank barrels (std).

OETC earmarks $2.2 billion for Oman’s grid infra expansion by 2028

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US oil producers face new challenges as top oilfield flags

An oil tank is pictured in the Permian basin, Loco Hills regions, New Mexico, US. — Reuters

Global auto industry stocks slump as tariff on US imports looms

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Oman’s GDP rises 1% in 2024 amid strong non-oil growth

Despite the overall GDP growth, oil sector output declined by 4%.

Shell to relinquish Oman blocks 42 and 55

Despite the planned exits, Shell still enjoys a substantial presence in Oman’s upstream energy sector.

China discovers first shale oil field with over 100m tonnes

The field is located in the Shengli Jiyang National Shale Oil Model Zone in Shandong Province

Oil rises for fifth day on supply concerns after Venezuela tariffs

The monthly average price of Omani crude oil for March delivery reached $80.26 per barrel.

‘Trailblazer Projects’ status for 3 CCUS ventures in Oman

OQGN is conceptualising the rollout of a pipeline network for the transportation of carbon dioxide in support of Oman’s decarbonisation and Net-Zero goals.

Oman opens new oil & gas concessions to boost investment

Several companies in the exploration, drilling, and development sector have already expressed interest in securing these concessions.
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