The Oman government and oil giant BP are edging closer to a final agreement on large-scale commercial development of the Block 61 tight-gas fields.
Oman Gas Co (OGC), which supplies natural gas to industries and public utilities in Oman, is planning a pipeline system to supply houses in the Muscat area with piped gas.
Oman Oil Co (OOC), a commercial company wholly owned by the Oman government, has successfully concluded the acquisition of Oxea which was announced in October. The purchase price was not disclosed.
The Meethaq Shari’a Supervisory Board conducted its fourth and final meeting of 2013 to discuss the strategy for the coming period, especially Meethaq products in the pipeline as well as contracts and agreements relating to these products.
The general index of the Muscat Securities Market (MSM) inched down 0.02 per cent to close at 6768.59 on Monday.
The Zubair Small Enterprises Centre (Zubair SEC) announced the names of the first eight winners who have been selected to receive the direct support from the centre, on Monday.
With Oman reviving its interest in small and medium enterprises, recognising their contribution to economic growth and employment generation, the country has developed programmes to set up new units, support them and help them succeed. His Majesty Sultan Qaboos bin Said has stressed on the economic importance of SMEs in national development and also announced a new fund dedicated to the sector.
Small and medium enterprises (SMEs) are slowly increasing their importance in Oman’s economy and the information technology sector’s role in this steady transformation cannot be discounted. A myth abounds that IT investments require purchases of hardware, software, modern networks and personnel with necessary skill sets to operate.