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Tuesday, June 09, 2026 | Dhu al-hijjah 22, 1447 H
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Energy

Oman oil price climbs to $93.38per barrel

MUSCAT: The official price of Oman crude oil for August delivery rose by $2.49 on Monday to reach $93.38 per barrel, compared with $90.89 recorded at the close of trading last Friday.The increase came amid a broader...

The increase came amid a broader rally in global oil markets.

15 MW smart grid-balancing pilot launched in Ibri

Senior officials and dignitaries attended the launch underscoring its strategic relevance.

2026 Oman Bid Round: A compelling and diverse onshore investment opportunity

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Spent EV batteries can be reused for clean energy generation: Study

The results indicated that integrating reused batteries with PV solar energy systems can provide reliable and cost-effective energy.

Strait of Hormuz is open, but traffic across waterway is scant

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Oil rises as Hormuz disruption fears persist

A general view of the PCK refinery, a crude oil processing facility supplying gasoline, jet fuel, diesel and fuel oil,in Germany. REUTERS

OQEP acquires 35% stake in Oman’s Block 27

OQEP expects net additional production of around 3.5 thousand barrels of oil equivalent per day (kboepd) in 2026 from its newly acquired stake.

Oman taps Africa’s supply chains with Botswana energy, mining deals

A 500 MW solar power project, integrated with a battery energy storage system, is among a number of initiatives signed by the two countries this week.

Moving from energy crisis to energy security with renewables: IRENA

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Oman opens five new energy blocks

The blocks — numbered 12, 16, 55, 42 and 45 — span a wide geographical area and are understood to hold promising geological potential.

Construction work on Oman’s JBB wind IPP to start in Q3

Consortium of experienced Chinese engineering firms to undertake project execution.

SEZAD investments reach RO 6.394 billion in 2025

SEZAD’s investment landscape remains diversified, with 360 commercial and 65 industrial projects underpinning its growth.

OQ posts RO 641 million profit in 2025

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 23 per cent to RO 1.348 billion.

Saudi Arabia restores full capacity on East-West oil pipeline

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EOR technologies strengthen Oman oil output

OER enables additional extraction beyond the limits of conventional methods, reinforcing long-term production stability.

Oil spill snarls shipping traffic in Antwerp port

An MSC-operated container ship is docked in a harbour basin in Europe's second-largest port of Antwerp, northern Belgium, where shipping is largely halted following an oil spill at one of its docks. — AFP
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