Saturday 19 April 2014
Oman oil

Oman's Orpic awards $3.6bn plastics complex deals

State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) said it had awarded two contracts for construction of a $3.6 billion plastics production complex, the Liwa Plastics Project. Engineers India of New Delhi will ope


Oman Oil plans $5bn loan for new refinery

State-run Oman Oil Company is talking to bankers about raising a $4 billion loan to build an oil refinery in the southern coastal town of Duqm, a major part of the government's effort to build the country's industrial base.


Bad weather halts Oman oil, gas production

Oman halted its oil and gas production due to bad weather as Cyclone Phet hit the small oil-producing country's coast, but no facilities were damaged, DPO and Oman LNG spokesmen said on Friday. 'We won't load any oil because no


Oman Oil buys 30pc stake in Vale unit

Oman Oil Company, the state investment arm of the non-Opec producer, has signed an agreement to buy 30 percent of a subsidiary of Brazil's Vale in the sultanate, a statement said. "Oman Oil Company signed an agreement to buy 30 percent sta


Oman Oil buys 26pc in India refinery project

Oman Oil has returned to pick up 26 per cent equity in the Rs11,397 crore ($245.9 million) Bina Refinery project of India's Bharat Petroleum, for an additional of Rs1,220 crore, sources said. The six-million tonne per annum refinery i


Oman oil output up

Oman's oil output rose about 3.6 percent to an average of 739,000 barrels per day in the first five months of 2008 from a year ago, an oil official said on Tuesday, although exports fell due to rising domestic demand. Oman's nominal gross


Bharat Oman plans IPO to raise $635m

India's Bharat Oman Refineries will soon file for an initial public offer to raise up to Rs25 billion ($635 million), three banking sources involved in the deal said. Bharat Oman Refineries is an equal joint venture between state-run Bhara

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