Saturday 3 December 2016
 
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Oman oil

Oman Oil, KPI to develop Duqm refinery, petchem complex

State-owned Oman Oil Company (OOC), the national petroleum investment company, and Kuwait Petroleum International Ltd (KPI) have signed a memorandum of understanding (MoU) to cooperate in the development of Duqm Refinery and Petrochemical Comple

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Oman Oil, KPI to develop Duqm refinery, petchem complex

State-owned Oman Oil Company (OOC), the national petroleum investment company, and Kuwait Petroleum International Ltd (KPI) have signed a memorandum of understanding (MoU) to cooperate in the development of Duqm Refinery and Petrochemical Comple

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Musandam power project targets ops early 2017

Musandam Power Company’s (MPC) gas-fired 120 megawatt power project in Musandam, Oman will start commercial operation by early 2017, a report said. Project construction is currently in its final stages, while a team from Oma

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Oman firm plans two refineries in Indonesia

Oman Oil Company Exploration & Production (OOCEP) is planning to build two refineries in Indonesia in collaboration with state-owned oil and gas company Pertamina, a report said. “The company has conveyed its willingness

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Oman's April oil output down 1.4pc

Oman's oil production stood at 29.8 million barrels in April, the National Centre for Statistics and Information said on Tuesday, down 1.4 percent from March. The drop was attributed to the decline in crude oil by 2.5 percent

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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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