Oman’s Public Authority for Special Economic Zones and Free Zones has signed an agreement with Japanese steel manufacturer Kobe Steel and Mitsui & Co., to develop low-carbon iron metallic project in the Special Economic Zone at Duqm (SEZAD). The project is expected to produce five million tonnes of Direct Reduced Iron (DRI) annually. By using […]
Oman
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Oman set to become GCC’s fastest growing economy in 2023: Report
Oman is projected to become the fastest growing economy within the the oil exporters of the six-member Gulf Cooperation Council (GCC) in 2023 with growth seen at 4.3%, according to a report from World Bank. Rating agency S&P last week revised Oman’s outlook to positive, from stable. It said the government was repairing its balance […]
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Oman announces $3.8 billion projects across sectors
Oman Investment Authority (OIA) has announced 36 investment opportunities worth $3.8 billion covering various industries. Hisham Ahmed Al Sheedi, Director General of Economic Diversification at OIA said that these investment opportunities will potentially ensure better alignment and synergy between OIA and other government and private entities. He noted that the opportunities are distributed across several […]
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Dubai’s Emirates issues travel warnings over deadly Marburg virus
Travelers are advised to postpone trips unless absolutely necessary
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Oman offers three oil and gas blocks in latest licensing round
Oman is offering three oil and gas concession areas, Blocks 15, 36 and 54, for investments by local and international local companies, the Ministry of Energy and Minerals said on Sunday. The offering is open between March 26 and June 25, according to the statement published on Twitter. Block 15 is located in the Sultanate […]
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Petrofac’s technical training center celebrates five successful years
Takatuf Petrofac Oman (TPO), which provide hands-on technical training and national and international qualifications for technicians working in the energy and manufacturing sectors, celebrated its fifth anniversary at its technical training institute in Muscat, Oman. Established in 2018 by Takatuf, Oman-based consultancy firm and joint venture partner Petrofac, TPO has established itself as one of […]
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Oman Hydrogen signs $20 billion green hydrogen agreements
Oman Hydrogen has signed 6 agreements for green hydrogen production in Oman worth more than $20 billion, the Omani state news agency reported. The deal includes several developers from different countries and will last for seven years, the state agency added. Oman aims to increase green hydrogen production from 32,500 to 3.75 million tonnes per […]
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