BUSINESS NEWS

'Harmonised' cement meets our quality standards: OCC

Muscat -

Oman Cement Co (OCC) said that the 30,000 metric tonnes (MT) of cement which it recently imported has been subjected to laboratory testing, and 'harmonising' it with OCC cement was undertaken with adherence to the high quality standards followed by the company.

Six firms bid for Sohar refinery expansion project's EPC contract

Muscat -

As many as six international companies are bidding for the major engineering, procurement and construction (EPC) contract of the Oman Oil Refineries and Petrochemicals Co's (Orpic) Sohar refinery expansion project, with South Korean engineering firms making most of the list of contenders.

MSM traces strength in global markets

Muscat -

The Muscat Securities Market traced the strength in global equities and ended its three-day losing streak by adding 0.17 per cent to to close Wednesday's trading at 6,377.83. Foreign investors net bought 9.5 per cent of the total traded value.

Dr Ismaily to lead Oman delegation to WEF meet

Muscat -

Dr Salem al Ismaily, chairman of the Public Authority for Import Promotion and Export Development (Paiped), will lead the Omani delegation to the World Economic Forum (WEF) on the Middle East and Africa (MENA) to be held in Jordan on May 24-26.

PDO commissions solar EOR project

Muscat -

Petroleum Development Oman (PDO) and GlassPoint Solar have announced the successful commissioning of Middle East's first solar enhanced oil recovery (EOR) project at PDO's Amal West field in southern Oman.

US firm APR Energy awarded 32MW Oman power contract

Musact -

APR Energy, a Florida-based company which provides scalable and customised fast-track power solutions, has been awarded a 32MW power contract in the sultanate in response to a tender issued by Oman Power and Water Procurement Company (OPWP), according to APR Energy's first quarter interim management report.

MSM continues to slide on weak trading

Muscat -

The Muscat Securities Market continued to slide for the second consecutive day on further profit-booking over earlier gains, as investors went defensive post first-quarter results.