Published annually by Wildcat International and produced in partnership with Oman’s Ministry of Oil and Gas and Oman Society of Petroleum Services (OPAL), the fourth edition of The Oil and Gas Year (TOGY) Oman, a report on the sultanate’s energy industry, was launched on Wednesday.
Growing use of enhanced oil recovery (EOR) techniques and inflation have led to a spike in the cost of oil production in the sultanate, according to H E Salim al Aufi, undersecretary at the Ministry of Oil and Gas.
The UAE market regulator has cleared the purchase of a combined 60.53 per cent stake in Abu Dhabi-based National Takaful Co by Al Madina Takaful Co and a subsidiary of MB Holding Co.
Bank Muscat on Tuesday unveiled a major initiative for training entrepreneurs in Oman, leading to an accredited international certification.
The MSM30 index declined further on low turnover, which came in at RO2.69mn. The benchmark closed down 0.28 per cent at 7,322.12. The sub-indices too fell, with the Financial, Industrial and Services indices posting loses of 0.37 per cent, 0.17 per cent and 0.19 per cent, respectively.
Al Maha Petroleum Products Marketing Co announced that it has bagged a tender to supply fuel to Rural Areas Electricity Co's (Raeco) power stations in Dhofar governorate for two years.
The MSM30 index declined on low volumes with total turnover at RO4.47mn, significantly below the year-to-date average of RO9.58mn.
The Oman-Korea Business Forum has urged concerted steps to bolster bilateral trade and increase cooperation between the private and SME sector players of both countries.