The Sultanate recorded a significant 127.3% year-on-year increase in the production of regular (90) petrol during the first quarter of the current year with output surging to 1.72 million barrels compared with 758,900 barrels produced last year, according to the latest data released by the National Centre for Statistics and Information (NCSI).
According to Reuters report International Energy Agency (IEA) chief Fatih Birol has said that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.
The Emirates Nuclear Energy Corporation (ENEC) on Tuesday announced the completion of the construction of the concrete dome for the Unit 2 Reactor Containment Building (RCB), another major achievement in the development of the UAE’s nuclear energy program.
The success story continues at Sohar Port and Free zone, with the signing this week of a 35,000 square metre land-lease agreement for a major new copper tube mill.
Seventy one young Omani jobseekers today (7 April) qualified to work as assistant drillers with PDO contractors after successfully completing a vocational training course provided by the Company’s National Objectives programme.
Petroleum Development Oman (PDO) set a new combined oil, gas and condensate production record of 1.29 million barrels of oil equivalent per day (boepd) in 2015.
According to a recent report published in a news agency, Oman will encourage households to generate electricity with solar panels and feed it into the national grid, Qais al-Zakwani, executive director of the Authority for Electricity Regulation, said.
Sasol, the international integrated chemicals and energy company, won the “Best Stand Award” at the recent Oil and Gas West Asia Exhibition – OGWA 2016, one of the largest and most important oil and gas events in the region. Officials commended the Sasol booth, as it linked both the South African and Omani cultures.
Siemens is highlighting technology’s ability to reduce production and operations costs within Oman’s oil and gas sector at the Oil & Gas West Asia Exhibition and Conference in Muscat.