Tag: Oman
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President of BP Oman: We need a balance between energy sources.. These are my expectations for the share of oil and gas
The head of the British Oil Company in the Sultanate of Oman, BP Oman, Eng. Youssef Al-Ajili, pledged to continue providing global energy supplies in a safe and affordable manner despite the changes and the gradual abandonment of a number of companies from the fossil fuel industry. Al-Ajili expected that oil and gas would continue…
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OQ Oman announces the date of exporting its first shipments from Duqm Refinery
The Global Integrated Energy Group (OQO Oman) revealed developments in the time plans for the date of exporting the first refined shipments from the Duqm Refinery, following the expected start-up by the end of this year (2023), as the group continues to highlight the “Ras Markaz” station project to store oil and supply the refinery.…
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The Sultanate of Oman invites Chinese companies to invest in oil and hydrogen production
The Sultanate of Oman is preparing to enhance opportunities for cooperation and economic partnership in the energy and mineral sectors with China, especially in the field of oil production. An Omani delegation visiting Beijing is currently discussing opportunities to increase the participation of Chinese companies in production, exploration and refining operations, as well as investing…
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The Sultanate of Oman discusses cooperation with South Korea to transport and store hydrogen (photos)
Hydrogen transportation and storage, as well as cooperation in the field of renewable energy, topped the talks between the Sultanate of Oman and South Korea, during a visit by an Omani delegation to Seoul. Today, Saturday, May 27 (2023), during a visit to the Republic of South Korea, a delegation from the Omani Ministry of…
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Mafraq field in the Sultanate of Oman shows promising results in preparation for the start of production
Read in this article Positive results regarding oil production from the Mafraq field in the Sultanate of Oman High world oil prices support Oman’s oil revenues Maha Energy of Sweden announces the results of oil field tests in Block 70 in the Sultanate of Oman Maha Energy reduced its share in Block 70, after its…
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Oman Oil: We focus on fossil fuels…and the uncertainty surrounds hydrogen projects
Petroleum Development Oman leads the energy sector in the Sultanate. As it is responsible for producing the largest percentage of crude oil and natural gas, its concession area covers the equivalent of a third of the country’s geographical area, and it owns about 205 producing oil fields and 64 fields for natural gas production. In…
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Oil and gas revenues in the Sultanate of Oman recorded $4.3 billion at the end of February
Oil and gas revenues in the Sultanate of Oman increased during the first two months of this year, compared to the same period in 2022, supported by higher prices. The oil and gas sector supported the Sultanate of Oman’s budget by about 1.674 billion riyals ($4.34 billion) by the end of last February, according to…
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Duqm Refinery begins trial operation to increase oil refining capabilities in the Sultanate of Oman (photos)
The Sultanate of Oman has started the trial operation of the crude oil distillation unit at the Duqm Refinery, in preparation for the operation of all units of the refinery, which will increase the oil refining capacity by about 230,000 barrels before the end of this year. The design of the refinery depends on the…
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OQ Oman sells 20% of the shares of Abraaj Energy Services
OQ Oman announced the sale of 20% of the shares of Abraaj Energy Services Company, a subsidiary of the group, about a month before it was listed on the Muscat Stock Exchange. The giant Omani energy company signed the sale agreement with the Saudi Omani Investment Company, as part of efforts to attract foreign investments,…
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Mafraq field in the Sultanate of Oman wins a joint operating agreement
The Swedish company Maha Energy announced the signing of a joint operating agreement for Block 70 – which includes the Mafraq oil field – in the Sultanate of Oman, more than a month after the Omani authorities approved the deal. Maha Energy – through its wholly owned subsidiary Maha Energy Oman – concluded the agreement…
