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Agreement Inked To Develop New Pipeline To Export Oman Crude Oil

The Ministry of Energy and Minerals and Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, signed today a framework agreement for joint...
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Oman Crude Futures Up By US$1.37 Despite Global Dip In Prices

The official price of Oman oil for October 2022 delivery on the Dubai Mercantile Exchange (DME) reached US$97.21 per barrel today. This comes following a...
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Oman Oil Price Rises By US$3.50 To Hit US$115.6 Per Barrel

Oil prices in the Sultanate have risen by US$3.5 per barrel to peak at US$115.6 per barrel as per a statement revealed by the...
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China, India Top Importers Of Omani Crude; Oil Production Decreases By 9.1%

China and India retained their positions as top importers of Omani crude oil in 2020, as per reports issued by the National Center for...
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Dubai Mercantile Exchange Signs MoU with Kpler to Deliver Enhanced Market Intelligence

Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has signed a Memorandum of Understanding (MoU) with...
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Ghazeer Gas Field Commences Production Ahead Of Schedule

Muscat: bp, in partnership with the Ministry of Energy and Minerals, OQ and PETRONAS, today announced that production has begun from its Block 61...
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How Much Crude Oil Does Oman Produce Monthly?

Muscat: Oman's crude oil production witnessed a marginal drop in the month of September 2020, despite substantial increase in imports by China and India.  The...
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