Eng. Isam Al Zadjali, Chief Executive Officer of Oman Oil Company
Fueling the economy

Isam Al Zadjali, CEO, Oman Oil Company talks to OER about the company’s operation, achievements and priorities

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Oxy Oman to operate Block 30 with 72.86 per cent stake

The Government of Oman, Oman Oil Company Exploration and Production LLC (OOCEP) and Occidental Hafar LLC (Oxy), a subsidiary of Occidental Petroleum Corporation, entered into an Exploration and Production Sharing Agreement (EPSA) for Block 30, located in the Dakhiliya region onshore Oman. Pursuant to the EPSA, Oxy is the Operator of Block 30 and holds a […]

HH Sayyid Fatik inaugurates Renaissance Village Duqm  

The 16,960-bed facility will accommodate the workforces of contracting firms in the Duqm Special Economic Zone As part of the celebrations of Oman’s 47th National Day, Renaissance Services announced the opening of its highly-anticipated turnkey project – Renaissance Village Duqm, a 16,960-bed facility that will accommodate the workforces of contracting firms in the Duqm Special Economic […]

Musandam gas plant
Musandam gas and power plants open

Musandam Gas Plant (MGP) and Musandam Power Company (MPC) were inaugurated under the patronage of His Highness Sayyid Mansoor bin Majid bin Taimur Al Said yesterday. The Musandam Gas Treatment and Power Plants are collectively worth more than OMR400 million. Oman Oil Company’s (OOC) wholly owned subsidiary, Oman Oil Company Exploration and Production LLC (OOCEP) […]

PDO signs R&D agreement with Muscat University 
PDO signs R&D agreement with Muscat University 

Petroleum Development Oman (PDO) has signed a research and development agreement with Muscat University to help resolve some of its complex technical challenges. The collaboration deal will support PDO’s effort to boost In-Country Value by advancing academic and vocational development and increasing the share of the oil and gas industry’s wealth retained in Oman. The […]

Rumhy confident of deal to extend output cut this month

Mohammed bin Hamad Al Rumhy, Minister of Oil and Gas, said  that he was confident there would be an agreement among global oil producers later this month to extend output cuts. Oman’s current production is 968,000 barrels per day, and the country is abiding by its quota, he remarked on the sidelines of an energy […]

Omantel completes Zain acquisition

Oman Telecommunications (Omantel) has won the bid to acquire 12.1 per cent of the issued share capital in Mobile Telecommunications Company (Zain), making Omantel the second largest shareholder in Zain Group, with a 21.9 per cent stake. The acquisition creates a new digital telecom powerhouse, capable of leading digital transformation across the Mena region, said […]

Micro soft
Designed for SMEs

Microsoft 365 Business is a new solution designed for SMEs, bringing together the productivity and collaboration capabilities with device management and security solutions to safeguard business data, says Mohammed Arif, Regional Director, Microsoft 365 Business Group, Microsoft Gulf. Microsoft has introduced Oman’s fast-growing SME segment to Microsoft 365 Business, a multifaceted solution that ushers small business […]

Al Anwar to sell 9 per cent stake in Ominvest for RO31mn

Al Anwar Holdings (AAH) plans to sell its 9 per cent stake in Oman International Development and Investment Company (Ominvest) to Oman National Investment Corporation for OMR31.16 million. The company has entered into a share sale and purchase agreement with Oman National Investment Corporation (ONIC) for selling 62.943 million shares of Ominvest at a price […]