Category: Energy

ECONOMY
PDO 2
PDO signs research and development deals with Omani universities

Petroleum Development Oman (PDO) has signed research and development agreements with Sohar and Al Sharqiyah Universities to help resolve some of its complex technical challenges. It is hoped the memorandums of understanding (MoUs) will help PDO further develop its competitive delivery by reducing costs, increasing production and reserves while operating in a safer and greener environment. […]

ECONOMY
Oma Budget
Total budget expenditure down by 5.8 per cent

Oman’s total budget expenditure fell by 5.8 per cent to RO12,908.2mn in 2016, according to the Central Bank of Oman’s (CBO’s) annual report. As the cut in expenditure fell short of the decline in revenues, the fiscal deficit stood at RO5,300mn in 2016, compared with RO4,361.4mn in 2015 (fiscal deficit as a percentage to GDP […]

Energy
almslide2
Al Maha Petroleum bags OMR91mn contracts from Raeco, Mwasalat

Al Maha Petroleum Products Marketing Company has bagged two contracts valued at OMR91 million for supplying gas oil to Rural Areas Electricity Company (Raeco) and to build and operate a new fuel station for national transport company Mwasalat at its headquarters. The first contract, valued at OMR73 million, is for supplying 380 million litres of […]

Energy
Shell
Oman Oil, Shell to collaborate on Oman Block 42

Oman Oil Company Exploration and Production (OOCEP) and Shell Exploration have signed a Heads of Agreement (HoA) to collaborate on Oman Block 42. Under the agreement, an initial aerial study will be carried out, before potentially undertaking further and more focused activities in the block, according to a press release. This cooperation in Block 42 […]

Energy
glasspoint-rodmacgregor-president-ceo
Creating enduring values     

Rod MacGregor, president and CEO, Glass Pont highlights the company’s vision to create long-term value for Oman and its people and to accelerate the country’s plans for economic diversification GlassPoint Solar is the leading supplier of solar to the oil and gas industry. Operating worldwide from the Middle East to California, GlassPoint’s enclosed trough technology delivers […]

Energy
pdo-md-raoul-restucci
 Business with a mission

Petroleum Development Oman is at the forefront of supporting employment, education, health, cultural, social and infrastructure schemes across the length and breadth of the country.  Excerpts from an interview with Managing Director, Raoul Restucci How is PDO as a company contributing to the social and economic development of Oman and Omani people? PDO works on […]

Energy
mr-mohammed-al-farsi
Doing business the sustainable way

Mohammed Ali Al Farsi, GM- External Affairs & Business Development, Shell Oman Marketing, talks about how the company’s strategy that targets a wide range of initiatives to drive social awareness and contribute to the well-being of the local communities, as part of its business plan Shell Oman Marketing Company (Shell Oman) is committed to meet the […]

Energy
Dr Hilal Al Hinai
Pushing back the frontiers   

Orpic is in the process of building one of the best integrated refining and petrochemical sites in the world. Dr Hilal Al Hinai, General Manager, Corporate Support Services talks about the current status of the projects, in an interview with Muhammed Nafie What is the current status of Orpic’s ongoing projects in Sohar to build […]

Energy
PDO
PDO SUPPORTS TAILORING TRAINING FOR 300 WOMEN

Petroleum Development Oman (PDO) has signed a Memorandum of Understanding (MoU) with Fashion Apparels to support the training of 300 Omani women jobseekers so that they can work in the clothing industry. PDO external affairs and communication manager, Suleiman Al Mantheri signed the agreement with Fashion Apparels executive director, Harinder BS Lamba at an official […]

Energy
Oman increases the fuel price for June

According to a recent report, Oman’s Ministry of Oil and Gas recently announced the revised petrol and diesel prices for June. The price of super grade petrol (M95) is set at 180 baisa (Dh1.72) per litre, that of regular petrol (M90) will be 170 baisa per litre, and diesel will cost 185 baisa in June, according to the Ministry of Oil and Gas.