Muscat: China continues to be the largest importer of Omani crude oil and condensates, government data has revealed. According to the 2018 annual report released by Oman’s National Centre for Statistics and Information (NCSI), China accounted for 83. https://timesofoman.com/article/1720464/Business/China-remains-largest-importer-of-Omani-crude-oil
Oman’s hydrocarbon sector grows 37pc in 2018
The nominal Gross Domestic Product (GDP) of the Sultanate expanded at a robust pace of 12 per cent during 2018 as against 7.3 per cent in the previous year, the Central Bank of Oman (CBO) announced in its latest review of banking and monetary developments for June 2019. https://www.omanobserver.om/omans-hydrocarbon-sector-grows-37pc-in-2018/
Eid Al Adha holidays declared in Oman
Muscat: Eid al Adha holidays for ministries, public authorities and other units of the state administrative apparatuses will be from Sunday, August 11 to Thursday, August 15. Work will resume on Sunday, August 18. https://www.omanobserver.om/eid-al-adha-holidays-declared-in-oman-2/
Manufacturing sector on track in Oman
Muscat: Oman’s manufacturing sector has achieved half of its targets set during 2019, which is right up to the standards set out by the Implementation, Support and Follow Up Unit, the organisation that oversees the Sultanate’s plans for the Tanfeedh programme for economic expansion. https://timesofoman.com/article/1699068/Oman/Government/Manufacturing-sector-on-track-in-Oman
Eni, BP to unlock Oman Block 77’s gas potential
Energy majors Eni (Italy) and BP signed yesterday a key agreement to unlock the gas potential of Block 77 which, if determined to be prolific, could pave the way for yet another landmark Integrated Gas Development in the Sultanate, mirroring the current maiden venture centring on the Greater Barik d…
Manah Solar I, II power projects to go to separate bidders
A pair of giant utility-scale solar power schemes planned for implementation in the Wilayat of Manah in Oman’s Al Dakhiliyah Governorate will be awarded to separate bidders, according to the Oman Power and Water Procurement Company (OPWP), the sole procurer of new electricity and water capacity. https://www.omanobserver.om/manah-solar-i-ii-power-projects-to-go-to-separate-bidders/
Oman’s first antimony-gold plant starts production
The London-listed minerals processing firm Tri-Star Resources announced that its antimony-gold processing facility in the Sohar Free Zone, in which it has around 40 per cent stake, has started production. https://www.m.muscatdaily.com/Archive/Business/Oman-s-first-antimony-gold-plant-starts-production-5f3v
Iran’s Minister of Industry lauds quality of Voltamp products
Muscat: Reza Rahmani, Minister of Industry, Mines and Trade of Iran, visited the plants of the Voltamp group of companies in Rusayl Industrial Area, along with the delegation which accompanied him during his visit to the Sultanate of OmanVoltamp is one of the major manufacturers of the electrical tr https://timesofoman.com/article/1616680/Business/Economy/Irans-Minister-of-Industry-lauds-quality-of-Voltamp-products
‘Oman is a great partner for peace’
The French Ambassador to Oman has appreciated the role that the sultanate is constantly playing to ensure peace and stability in the Middle East. “Whether it’s Iran, Yemen or maritime security – Oman plays a significant role.
Oman’s GDP up by 12 percent in 2018
Muscat: Oman’s nominal Gross Domestic Product (GDP) has continued to expand at a robust pace and grew by 12 percent during 2018 as against 7.3 percent in the previous year, according to a bulletin issued by the Central Bank of Oman (CBO).