Category: Industry

Industry
Sohar Free Zone
Sohar Port to participate in Gulfood expo

Sohar Port and Freezone is participating in Gulfood 2018, which will begin on February 18 and will continue until February 22 at the Dubai World Trade Centre. Gulfood is the region’s largest annual food, beverage, and hospitality exhibition and attracts food and beverage professionals from around the world. “It is a great platform to promote […]

ECONOMY
Omani pavilion in Sudan
Oman pavilion in Sudan attracts visitors

With more than 680 companies from 33 countries participating in international fair at Khartoum, the Omani pavilion has received significant turnout in Sudan. This is PEIE’s first participation at the International Fair of Khartoum, which comes in line with its efforts to expand markets for the Omani products. Hamood Al Balushi, director of Omani Products […]

ECONOMY
EU parliament delegation visits Duqm
EU parliament delegation visits Duqm

A delegation from Oman Parliamentary Friendship Group in the European Union (EU) Parliament, headed by Ramona Manescu, Head of the Oman Parliamentary Friendship Group on Wednesday paid a visit to the special economic zone in Duqm to view the projects being implemented and the available investments opportunities. During the visit, the delegation met with Yahya […]

Industry
SME
SMEs in the GCC to employ 22 million people by 2022

The Small and Medium Enterprises (SME) sector in the GCC region presents a potential of $920 billion with 156 per cent growth in the next five years, employing 22 million people, according to a new study by Mena Research Partners (MRP), a leading research company in the region. While the GCC region accounts for only […]

Energy
Muscat-Sohar pipeline, Al Jefnain terminal start operation
Muscat-Sohar pipeline, Al Jefnain terminal start operation

Commercial operations at the $320 million-Muscat Sohar Product Pipeline (MSPP) project through its main fuel terminal in Al Jefnain have been started by Oman Oil Refineries and Petroleum Industries Company (Orpic). The $320 million investment is one of Orpic’s strategic growth projects, which will deliver more than 50 per cent of Oman’s fuel via the […]

ECONOMY
Orpic
Orpic’s Mina Al Fahal Refinery to undergo major turnaround

A major planned turnaround and maintenance activity is currently being undertaken at Oman Oil Refineries and Petroleum Industries Company’s (Orpic’s) Mina Al Fahal Refinery for 45 days, between October 3 and November 16, 2017. This shutdown, to ensure Orpic’s operations run safely and smoothly at all times, will be used to execute a number of […]

ECONOMY
Duqm Developement Company
Duqm Development Company signs agreement with India’s Adani Ports

  A Memorandum of Understanding (MoU) was recently signed by the Duqm Development Company SAOC (Tatweer) with India’s Adani Ports and Special Economic Zone Limited in New Delhi. The agreement is aimed at exploring better investment opportunities in the Special Economic Zone at Duqm. The pact also stipulates on setting an official and framework for […]

Industry
Port Sohar
Sohar Port inks $600mn oil storage contract with Trescorp

Sohar Port has signed a $600mn oil storage contract with Singapore-based Trescorp. The new facility will have six deep-water berths, with 25 metre drafts, one of them capable of receiving very large crude carriers (VLCCs) of up to 320,000 deadweight tonnage (dwt) — the so-called supertankers. The new terminal will occupy space in Sohar Port […]

ECONOMY
Eng. Isam Al Zadjali, Chief Executive Officer of Oman Oil Company
OOCEP closes $1bn pre-export finance facility

Oman Oil Company Exploration & Production (OOCEP) has announced the successful signing of a $1bn loan facility to fund its continued growth and expansion. The new financing agreement is structured as a crude oil pre-export facility with a tenor of five years and contains an accordion option to allow additional funding of $500mn if required. […]

COMPANIES
PDO 1
PDO-backed drilling equipment factory opens in Nizwa

A new PDO-backed factory which will manufacture key well equipment for the oil and gas industry has been officially opened in Nizwa. The Omani company Gulf Energy established the Fishing & Remedial Experts Enterprise (FREE) facility which is set to create up to 70 jobs for nationals. PDO has signed a 10-year contract with FREE […]