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Investment News in Oman

Tethys Oil Announces Plans for Blocks in Oman
2/12/2019 - Under current market conditions and production assumptions, Tethys Oil expects its 2019 investments for the company’s existing operations on Blocks 3&4 and Block 49 in Oman to amount to US$50-55 milli...
Oman to Offer Six New Oil Blocks for Investment
12/2/2018 - Oman has announced plans to offer six new oil and gas blocks for investment as part of the 2019 Licensing Round due to be unveiled in the first quarter of next year. The new blocks — distributed acros...
Oman Oil Company and RUSNANO Sign Agreement on Investment Activity
10/27/2017 - Parties to evaluate joint investments in projects on the oil and gas and chemical sectors. The signing of the agreement took place with the assistance of the Russian-Omani Business Council in the fram...
Chinese Firm to Set up $2.8B Petrochem Firm in Duqm
9/12/2017 - A Chinese firm plans to invest $2.8 billion in a major petrochemical project at the Sino-Oman industrial park in Duqm’s Special Economic Zone (SEZ), a Chinese newspaper announced. ...
Oman Invites Bids for 4 Oil and Gas Blocks
9/10/2017 - The Ministry of Oil & Gas has unveiled a total of four onshore hydrocarbon blocks for investment as part of the Oman Licensing Round 2017, registration and bidding for which formally commences on Sept...
PDO and Oman LNG Sign Collaboration Deal
PDO and Oman LNG Sign Collaboration Deal 8/13/2017 - Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) have signed a three-year partnership agreement to enhance technical and commercial co-operation.
Oman Wanfang Plans 25 New Projects in Duqm
8/12/2017 - Oman Wanfang, which is the master developer of China Oman Industrial Park in Duqm, plans to develop 25 new projects, which will take the total number of projects within the industrial park to 35. The ...
Eni Signs MoU with Oman Oil for Oil and Gas Cooperation
5/25/2017 - Oman Oil Company S.A.O.C. (OOC), the Sultanate’s investment arm in the energy related sectors, and the leading Italian integrated energy company Eni have finalized a Memorandum of Understanding (MoU) ...
PDO Plans to Award More Contracts to Local Community Firms
5/21/2017 - Oman’s national oil firm Petroleum Development Oman (PDO) plans to increase the number of contracts awarded to local community contracting companies (LCCs) as part of a larger initiative to strengthen...
DNO Investment in Oman Block 8 Tops $100 million
4/18/2017 - Norwegian oil and gas firm DNO has ploughed in excess of $100 million in Block 8 since it acquired operatorship of the concession offshore Oman’s Musandam peninsula in 2012 — a figure set to rise as t...
Middle East to Invest $294b in Oil and Gas Projects
2/19/2017 - Oil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....
One-Stop-Shop for New Mining Licenses in Oman
1/16/2017 - Oman’s Public Authority for Mining (PAM) is formulating a new mining exploration and development strategy, underpinned by a Single Window System for the issuance of new licenses, to help unleash the p...
PDO Projects Investments of $20B over Next 5 Years
12/21/2016 - Petroleum Development Oman (PDO) projects investments of around $20 billion being ploughed into its oil and gas operations over the next five years, although capital expenditure is anticipated to be c...
South Korean Firms to Participate in $27 bn Worth of Omani Projects
11/1/2016 - South Korean companies are participating in a slew of Omani energy and infrastructure projects worth approximately $27.1 billion, Yonhap News Agency said quoting the country’s Trade Ministry. ...
CCED Oman to Invest $340 m in Blocks 3 & 4
3/21/2016 - Independent oil and gas exploration and production company CC Energy Development (CCED) plans to invest around $340 million in augmenting exploration and production facilities in its Block 3 and 4 acr...
Bank Sohar and QNB jointly Sign $77.5m Syndicated Loan for DEI
6/14/2015 - Bank Sohar, one of the most prominent banks within the Sultanate and QNB, “one of the world’s strongest banks” jointly announced the signing of a syndicated loan worth $ 77.5 million, for Dalma Energy...
Two Firms to Help GCC Investors in Oilfield Projects
1/10/2015 - Samurai International Petroleum (Sipco) and Greenstone Equity Partners have joined forces in the Gulf Cooperation Council (GCC) region to meet rising investor demand for global investment opportunitie...
Oman Oil Inks $1.85b Corporate Revolving Credit Facility
Oman Oil Inks $1.85b Corporate Revolving Credit Facility 9/28/2014 - Oman Oil Company S.A.O.C. (OOC), the Sultanate’s energy investment arm, signed a $1.85 billion Revolving Credit Facility (RCF) with 16 local, regional and international banks. The transaction was well...
PDO to Invest $11 bn in 16 Major Oil Schemes
10/13/2013 - Petroleum Development Oman (PDO), the Sultanate’s oil and gas exploration and production flagship, plans to invest over $11 billion in a raft of new oil projects over the next 10 years. The investment...
Daleel Petroleum Cuts Energy Costs
11/10/2012 - Gas flaring is a crucial topic of discussion for countries in the Middle East, however companies such as Daleel Petroleum Company in Oman have invested significantly to reduce the overall costs of fla...

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