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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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OQEP announces strong results in 2024

OQEP continued to deliver sustainable cash generation from its assets during 2024.

Oil inches up after Trump cancels Chevron's Venezuela license

Ending the license means Chevron will no longer be able to export Venezuelan crude— Reuters

Transforming the oil and gas industry through cutting-edge technologies

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4 groups in fray for Ibri III Solar project in northwest Oman

The new 500 MW solar IPP at Ibri is slated for launch in Q1 2027.

MDO and PDO collaborate on mineral extraction from produced water

By turning this waste stream into a source of valuable minerals, MDO and PDO are pioneering a sustainable approach that could have wide-ranging economic and environmental benefits. Image for illustration only.

GCC leads global oil reserves and exports

In 2023, the GCC nations collectively produced around 17 million barrels of crude oil per day, accounting for 23.2% of total global crude production.

Oman’s electricity production rises 7.5%

Oman’s electricity production surged by 7.5% in 2024, reaching 45,388 gigawatts per hour by the end of November 2024.

Green Energy Oman project feasibility study wraps up

The GEO project, ranked among the world’s biggest green hydrogen developments, targets the production of 10 mtpa of green ammonia at full capacity (Picture credit: GEO)

Oil prices fall on potential Ukraine peace talk

Benchmarks lost more than 2% on Wednesday after US President Donald Trump said Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace — Reuters

Russia's oil and fuel exports revenues rose in January to $15.8 billion, IEA says

According to the IEA, Russia's oil production last month rose by 100,000 bpd to 9.2 million bpd— Reuters

Investment sought for Oman’s first agri-solar project

Conceived as a circular agri-solar park, the proposed project will help advance Oman’s food and energy security goals (Picture for illustration only).

OQ8 celebrates LRT success and refining capacity boost

A key part of OQ8’s success has been its ability to optimise refinery capacity without major modifications.

Oman oil price rises to reach $79.18 per barrel

The monthly average price of Omani crude oil for February delivery reached $73.16 per barrel.

New flowline set to boost operations at Yumna Field

The new flowline became operational in late January 2025, allowing the seamless transfer of produced fluids from the field.

MENA region recorded 54 IPOs raising $12.6bn during 2024

The IPO of OQEP was the largest to date in Oman.
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