Oman forum to target investments in sustainable aviation fuels
MUSCAT: A landmark bid to decarbonize Oman’s aviation sector gets underway next week with the hosting of a high-profile forum that will also explore the potential for the production of low carbon...
US green hydrogen systems maker receives Oman funding support
MUSCAT, OCT 4US-based Electric Hydrogen (EH2), a leading manufacturer of electrolyser systems — a critical component in green hydrogen production — has announced that it has secured funding from...
Cleantech firm plans rollout of reverse vending machines in Oman
MUSCAT, OCT 3Having established a strong presence in key markets in the Gulf, global AI driven cleantech company Sparklo is planning to include the Sultanate of Oman in the next phase of its expanding...
Oman’s new gas entity assumes role as shipper in place of MEM
MUSCAT: The wholly state-owned Integrated Gas Company (IGC), established last December to manage gas sales and purchase arrangements on behalf of the Omani government, is in the process of assuming...
Oman-Etihad Rail project to unlock major construction opportunities
MUSCAT: A potential bonanza in civil construction subcontracts awaits construction firms in the Sultanate of Oman when a keenly anticipated award for the implementation of the Abu Dhabi – Suhar rail...
CBO unveils roadmap for fintech ecosystem
MUSCAT: The Central Bank of Oman (CBO) has drafted a comprehensive strategy to support the development of a thriving ecosystem around financial technology (fintech) based products and services – one...
Oman’s non-oil sector to grow 2.5 per cent in 2023
Oman’s non-oil economy is anticipated to grow an encouraging 2.5 per cent in 2023, boosted by investments in the renewable energy, as well as agriculture and fisheries sectors, according to a...
Green Energy Oman consortium partner gets funding boost
Muscat Sep 27 :MUSCAT: InterContinental Energy, an emerging giant among global green hydrogen developers, says it has secured funding support from two key investors – a development that bodes well...
Oman Electricity Market completes maiden year
MUSCAT: The maiden annual report of the Oman Electricity Market (also known as the Spot Market) was issued here on Monday with officials characterizing the roll-out of this initiative – the first in...
Oman to set up national payment gateway for commerce
MUSCAT: A dedicated national payment gateway designed to facilitate ecommerce transactions in the Sultanate of Oman is currently under development, according to the Central Bank of Oman (CBO).The...
CBO firms up plans for roll-out of Open Banking in Oman
MUSCAT: The framework enabling the introduction of Open Banking – a tech-driven service with the potential to transform the banking and financial services industry – is currently being formulated...
OQ Gas Networks targets completion of $160m worth projects this year
MUSCAT, SEPT 23OQ Gas Networks (OQGN), the wholly state-owned operator of Oman’s national gas transportation network (NGTN), says is it currently implementing a sizable portfolio of projects...
Oman banks, financial firms mandated to strengthen cyber-security
Banking and financial institutions licensed to operate in the Sultanate of Oman are now mandated to secure their operations, as well as critical assets, against cyber threats.Under a new regulatory...
Tender launched for laying of subsea power cable to Masirah Island
MUSCAT: Oman Electricity Transmission Company (OETC), the operator of the nation’s power transmission grid, has launched a competitive tender for the installation of a subsea power cable that will...
Key study sees potential for expansion of Oman’s LNG capacity
A key study commissioned by OQ Gas Networks (OQGN) – the wholly state-owned operator of the nation’s gas transportation system – has concluded that gas demand in the Sultanate of Oman is...
OQGN foresees major roles in hydrogen, CCUS projects in Oman
Wholly state-owned OQ Gas Networks (OQGN) – the sole owner and operator of Oman’s national gas transportation system – envisions significant roles for itself in the successful realization of a...
Development of Oman’s newest economic zone kicks off
Initial groundwork on a new integrated economic zone, designed to capitalize on an upsurge in investment and economic seen the Sultanate of Oman and the Kingdom of Saudi Arabia, is set commence in...
Oman’s waste recycling potential valued at around $1 billion
MUSCAT: Oman Environmental Services Holding Co (be’ah), tasked with overseeing the management of the nation’s solid waste sector, has assessed the economic potential of Oman’s burgeoning waste...
OQ to divest 40% stakes in Oman Blocks 60 & 48 for RO 548m
MUSCAT: OQ, the wholly Omani government-owned integrated global energy group, says it aims to wrap up the execution of a transaction linked to the sale of a 40 per cent stake in its flagship upstream...
Maha Energy gets extension for production testing of Block 70
MUSCAT, Sept 15In a significant boost for its bid to unlock the heavy oil potential of its Block 70 licence in central Oman, Swedish-based energy firm Maha Energy says it has been granted an extension...