author - oman observer

MUSCAT, AUGUST 28Tax waivers and other incentives are being studied by Oman’s authorities to help attract investments and localised manufacturing opportunities across the value chain of a new green...

OQ, the integrated energy group of the Sultanate of Oman, posted a 62 per cent jump in consolidated during 2021, which surged to $22.768 billion, compared to $14.006 billion a year earlier.The...

A number of major Independent Water Projects (IWPs) figure in the list of priority initiatives for procurement by the Oman Power and Water Procurement Company (OPWP)), the sole buyer of output from...

Windswept coastal parts of Sadah in Dhofar Governorate and Ras Madrakah in Al Wusta Governorate are being assessed for their potential to host wind farm projects as part of the Omani government’s...

The planned partial privatisation of Muscat Electricity Distribution Company (MEDC), one of the largest power utilities in the Sultanate of Oman, is currently on hold pending a review of options...

An estimated 80,000 Omani households are currently eligible to receive monetary support under the National Subsidy System (NSS) set up by the government to help mitigate the impact of subsidy reform...

MUSCAT: A keenly anticipated legal framework designed to enable eligible power generators to sell electricity directly to large customers will be completed before the end of this year, according to...

MUSCAT: The Omani government plans to appoint commercial and investment attachés to a number of its strategic embassies around the world, according to Qais bin Mohammed al Yousef, Minister of...

The Oman Tax Authority has announced new timelines for the phased implementation of its Digital Tax Stamps project – an initiative designed to help regulate the import, trade and sale of excisable...

Nama Group, the umbrella organisation of Omani state-owned power and water procurement, generation, transmission, distribution and supply entities, has reported a 42.6 per cent jump in the total value...

A National Smart Meter Programme launched by the Authority for Public Services Regulation (APRS), in coordination with other sector stakeholders, envisages the installation of an estimated 1.2 million...

MUSCAT, AUGUST 16 US hydrogen technology major Plug Power Inc has established a presence in the Sultanate of Oman with an eye on opportunities in the country’s nascent, yet hugely promising, green...

Electricity supplies to predominantly residential customers in the Sultanate of Oman were subsidised to the tune of RO 568.64 million last year, according to Nama Group, the state-owned grouping of...

MUSCAT: A raft of fiscal programmes rolled out by the Omani government in response to the recent global economic slowdown, compounded by the coronavirus pandemic, has been positively received by the...

Blocks 3&4 – the most prolific of Tethys Oil’s hydrocarbon assets in the Sultanate of Oman – has generated revenues in excess of $1 billion for the Swedish energy firm since 2011, when the...

Judging from footage shared on social media of the devastation unleashed by flash floods across many parts of the Sultanate of Oman last week, it is likely that the Omani government will be faced with...

MUSCAT: The Oman Power and Water Procurement Company SAOC (OPWP), the sole buyer of electricity and desalinated water capacity in the Sultanate of Oman, has floated a tender for the selection of an...

MUSCAT: An estimated 399K cheques with a face value totalling around RO 656 million went dishonoured last year, largely for want of adequate funds in the drawer’s account, the Central Bank of Oman...

MUSCAT: Less than a month after it was formally unveiled at its site in Duqm Special Economic Zone, the Omani-Qatari JV Karwa Motors has announced the export of its first batch of ‘Made in Oman’...

Oman Food Investment Holding Co (Nitaj), the government's food sector investment and development arm, has notched major successes in the delivery of its strategy to build a sustainable food economy...