Wednesday 25 May 2016
 
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Oman oil

Omani oil majors in talks for $4.35bn loans

Two major Omani state-owned oil companies are in negotiations regarding loan facilities worth a combined $4.35 billion, sources aware of the matter said,  as the duo turn to bank markets for finance in the wake of lower oil prices.

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Oman Oil in talks on $1bn loan for subsidiary

State-owned Oman Oil Co, the national petroleum investment company, is seeking a $1 billion loan from banks for a subsidiary, chief executive Issam Al-Zadjali told Reuters on Thursday. Banks in Oman have also been active in the lo

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OOCEP aims to spud pilot well in Block 65

Oman Oil Company Exploration & Production LLC (OOCEP), an upstream subsidiary of Oman Oil Company (OOC), is preparing to spud a pilot well in Block 65 in north Oman, a report said. Covering an area of around 1,230 sq km, Block

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Oman Oil to restructure to support expansion

State-owned Oman Oil Company (OOC), the national petroleum investment company, will restructure itself to support expansion and improve efficiency, chief executive Isam al-Zadjali said. "The size of the company has grown. OOC

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Oman gas field investment raised to $16bn

Britain's BP and partner Oman Oil have signed an agreement to develop a second phase of the Khazzan natural gas field, taking the estimated investment in the project to $16 billion, the company said. The agreement with the gov

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Oman Oil unit seeks bids for Duqm terminal project

Duqm Terminal, a unit of Oman Oil Company has invited expressions of interest from engineering firms for the construction of the topside infrastructure for a liquid storage terminal and dry bulk project at Duqm port in the sultanate, said a repo

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Oman Oil unit seeks bids for Duqm terminal project

Duqm Terminal, a unit of Oman Oil Company has invited expressions of interest from engineering firms for the construction of the topside infrastructure for a liquid storage terminal and dry bulk project at Duqm port in the sultanate, said a repo

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Oman Oil unit seeks bids for Duqm terminal project

Duqm Terminal, a unit of Oman Oil Company has invited expressions of interest from engineering firms for the construction of the topside infrastructure for a liquid storage terminal and dry bulk project at Duqm port in the sultanate, said a repo

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Oman Oil to boost production despite low prices

Oman Oil's exploration and production division plans to invest up to $4 billion over the next five years to boost output despite low oil prices, the state-owned company's chief operating officer said on Monday. "For u

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India's BPCL, Oman Oil looking to sell 24pc stake in Bina refinery

Foreign companies are in talks to buy a stake of up to 24 percent in the Bina refinery in India's Madhya Pradesh state which is jointly owned by Bharat Petroleum Corp (BPCL) and Oman's state oil firm, BPCL's chairman told Reute

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