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Financials and Investment News in Oman

Middle East Oil Supply - May 2012
Middle East Oil Supply - May 2012 6/4/2012 - Middle East oil supply is believed to drop by 0.18 mb/d in 2012 to average 1.51 mb/d, representing a downward revision of 30 tb/d from the previous month. This revision comes from Oman and Yemen, whil...
Four Banks in Financial Services Bid for Sohar Refinery
4/10/2012 - Four international banks are reported to have been shortlisted to participate in a bid to provide financial advisory services to Oman Oil Refineries & Petroleum Industries Company (ORPIC) linked to th...
BP to Invest Heavily in Oman’s Gas Sector
10/24/2011 - UK oil giant BP has lined up a $15 billion investment into of Oman in recognition of the potential of its gas sector and as part of a significant push into gas in the Middle East. This was disclosed b...
Oman oil revenues tumble 51 pct Jan-April
6/13/2009 - Non-OPEC producer Oman posted a 50.5 percent drop in net oil revenues in the first four months of 2009 as oil prices weakened, but raised spending by 7.2 percent, official data showed. ...
Oil heads for $71 after MidEast cyclone disruptions
6/6/2007 - Oil prices extended gains toward $71 a barrel on Wednesday to their highest in nearly two weeks, after a cyclone disrupted Omani oil and gas exports before weakening on its way to Iran. London Brent c...
Cyclone buffets Oman, disrupts oil, gas exports
6/5/2007 - A powerful cyclone skirted the coast of Oman on Tuesday, disrupting oil and gas exports and pushing oil above $70 but the storm appeared to be weakening and moving north through a major shipping chann...
Oman's revenue surges to OR2.4b
8/15/2005 - Surging oil prices led to a nearly 30 per cent increase in Oman government revenues in the first six months of the on-going year 2005. Revenues surged to OR2.4 billion in first half of 2005 from OR1.9...
PT Medco Energi Signed Gas Sales Agreement in Oman
2/16/2005 - PT Medco Energi Internasional Tbk is pleased to announce that through Novus Oman Ltd (“Novus Oman”), a wholly owned subsidiary of MedcoEnergi, has signed a gas sales agreement with Ras Al Khaimah's ga...
OOC: $800m investment at OGC
1/8/2005 - MUSCAT — Khalifa bin Mubarak Al Hinaie, adviser to the oil and gas minister for technical affairs and board chairman of Oman Gas Co. (OGC), has said the value of the company’s investment in implemente...
Sohar Refinery project documents signed
12/16/2003 - MUSCAT — The project documents for the $1.2-billion Sohar Refinery project was signed by Ahmed bin Abdulnabi Macki, minister of national economy and deputy chairman of the Financial Affairs and Energy...

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