author - oman observer

MUSCAT, APRIL 30Sohar Port and Freezone, a key economic hub in the Sultanate of Oman, is currently contributing around RO 600 million per annum to the country's Gross Domestic Product (GDP), Jasper...

OQ, the global integrated energy group of the Sultanate of Oman, is eyeing growth opportunities in China's increasingly open market and green industry, OQ chief executive of commercial & downstream,...

Singapore-headquartered Rex International, the majority shareholder in Masirah Oil Limited, said it is eyeing a significant production boost for its Oman asset — offshore Block 50 — based on its...

MUSCAT: The Sultanate of Oman has been ranked 43rd out of 139 economies around the globe in the World Bank’s 2023 Logistics Performance Index, signalling that the country is able to maintain its...

MUSCAT: Leading greentech company, Envorem, has successfully piloted in Oman a new technology to treat sludge and oil-contaminated soil. UK-based Envorem processed sludge extracted from a pit and...

MUSCAT, APRIL 20The Sultanate of Oman is ranked the safest country in the world to travel alone, according to a study conducted by the travel portal EnjoyTravel.“Travelling solo can be daunting...

MUSCAT: The Sultanate of Oman is named as the official host of the world’s leading travel trade show, ITB Berlin, in 2024, Oman’s Ministry of Heritage and Tourism announced.Salim al Mahrouqi, Oman...

MUSCAT: Swedish upstream energy firm Tethys Oil says its exploration and appraisal activities during 2023 are targeted at unlocking more than 200 million barrels of potential crude oil (mmbo) deposits...

MUSCAT: The total net profits for listed companies on Muscat Stock Exchange (MSX) increased by 16.2% in 2022 to $1.7 billion compared with $1.4 billion in 2021 following higher profits for the banking...

International ratings agency, Fitch, has revised the outlook on Oman's long-term foreign-currency Issuer Default Rating (IDR) from stable to positive and has affirmed the rating at 'BB'.The positive...

Forbes Middle East has revealed its ranking of the Middle East’s most valuable banks for 2023, recognising the region’s biggest banking heavyweights. Four Omani banks make among the list of the 50...

MUSCAT, APRIL 4Minerals Development Oman (MDO), the state-owned mining and minerals processing flagship of the Sultanate of Oman, is making strides in fulfilling its vision of becoming the benchmark...

The price of Oman crude surged more than 8.4 per cent on Monday to $84.11 per barrel as the Organisation of the Petroleum Exporting Countries and their allies (Opec+), including the Sultanate of Oman,...

MUSCAT, MARCH 26The Sultanate of Oman is offering three oil and gas concession areas, Blocks 15, 36 and 54, for investments by local and international local companies, the Ministry of Energy and...

MUSCAT, MARCH 26The Sultanate of Oman is ranked sixth in MENA region in the 2023 Economic Freedom Index published by the Heritage Foundation, Washington’s No.1 think-tank.“Economic freedom is the...

Oman’s Bahwan Services and Trading LLC (BSTL) and Muscat Investment House (MIH) have entered into a strategic partnership with Singapore-based Blue Aqua International with the goal to “support the...

The price of Oman crude declined a further $4.58 per barrel on Monday to settle at $70.35 per barrel (for delivery in May 2023) in trading on the Dubai Mercantile Exchange (DME).Over the past seven...

The Sultanate of Oman has attracted RO 79 million worth of actual investments for six fish farming projects last year, Dr Abdulaziz bin Said al Marzouqi, Director General of Fish Resources Development...

MUSCAT, MARCH 18Swedish upstream oil and gas company Maha Energy (Maha) has announced that it has commenced production testing on Block 70 in Oman. The production test will include all eight new...

The Duqm Refinery project, the largest project in the field of refineries and petrochemicals, is expected to come into full production by the end of 2023, Kuwait Petroleum Corporation’s deputy...