Oman Oil Co, BP sign MoU to invest in human capital
Oman Oil Co, BP sign MoU to invest in human capital

  Oman Oil Company (OOC), the Sultanate’s investment arm in the energy and energy related sectors, and BP Exploration (EPSILON) Limited have signed a Memorandum of Understanding (MoU) to enable secondment opportunities between the two companies. The signing ceremony was attended by Eng Isam bin Saud al Zadjali, CEO of OOC and Yousuf al Ojaili, […]

Galfar wins RO23mn arbitration against haya water

Galfar Engineering and Contracting Company has won an arbitration award totaling over RO23mn against Haya Water regarding a dispute over Seeb sewage project.  Galfar said in a disclosure to Muscat Securities Market (MSM), “We would like to inform our esteemed shareholders and investors that an arbitration award was issued in the second of the four […]

Al Musalmi resigns as NBO CEO

CEO of the National Bank of Oman (NBO), Ahmed bin Jaffar Al Musalmi has resigned from his post, the bank confirmed on Thursday. In a statement released online, the bank said that its board of directors had accepted Musalmi’s resignation and that chief investment officer and general manager, Sayyid Wasfi bin Jamshid Al Said had […]

Omantel posts RO107mn net profit

Oman Telecommunications Company (Omantel), the Sultanate’s biggest telecommunication firm, has posted a net profit of OMR106.80 million for 2017, down from OMR115.80 million registered for the previous year. Following the acquisition of a controlling stake in Kuwait’s Mobile Telecommunications Company (Zain Group), Omantel group results include Zain results for the period from November 15, 2017 […]

Al Argan
Alargan Towell appoints Mohammed Al Abri as new CEO

The board of directors of Alargan Towell Investment Company, a leading real estate development company in the Sultanate, announced the appointment of Mohammed bin Mousa Al Abri as chief executive officer as of January 30, 2018. “We are pleased to welcome Mohammed Al Abri who brings a vast experience in the real estate market in […]

Takatuf 1
Preparing tomorrow’s leaders

Takatuf’s Essentials Management Programme was aimed at developing leadership skills for future leaders  Takatuf, Oman’s leading provider of innovative human capital solutions, successfully completed its second Essentials Management Programme (EMP) on January 18. The programme was held in partnership with Franklin-Covey, and was attended by managers, team leads and superintendents from the State General Reserve […]

BP Oman Khazzaan
Petrofac awarded $800mn contract for Khazzan gas project

Petrofac has been awarded a lump-sum contract worth approximately $800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate. This follows the $1.4 billion Phase 1 CPF Khazzan project, awarded to Petrofac in February 2014, which celebrated first gas on September 22, […]

Galfar wins
Galfar wins $15mn contract from Petrofac

Galfar Engineering and Contracting Company has been awarded a subcontract for an engineering, procurement and construction package for the Salalah LPG project of Salalah SFZCO by Petrofac E&C Oman for around $15 million. The completion period of the works of the subcontract is 17 months. “This is an important contract to Galfar and further serves […]

MCDC share sale roadshow evokes investors’ interest

Following the launch of the initial public offering (IPO) of Muscat City Desalination Company (MCDC) SAOG (under transformation), investors’ interest is gathering pace. The company, alongside its issue manager – Bank Muscat Investment Banking, held an IPO roadshow with key investors, as well as research analysts from brokerage houses. Investment opportunities in IPOs of the […]

BP Oman
The creation of Khazzan: From sand to city

How BP transformed a remote Omani desert to a massive gas operation facility the size of Greater London Converting a land mass covered by an enormous semi-sandy desert plain, dunes and flat terrain to a massive gas field, the size of Greater London, is nothing short of a miracle. BP Oman did exactly this when […]