Tag Archives: Oman

Oman’s significance in the Middle East, and therefore the world, is much greater than its 5.4 billion barrels of estimated proved oil reserves (the 22nd largest in the world) implies. Its true importance to both the U.S. and China is its critical geographical position, which makes it perhaps the most …

Oman’s total oil exports saw an increase of 16.2 percent untill the end of June 2022 according to the latest statistics of the National Centre for Statistics and Information (NCSI). The report said that China topped the list of the Sultanate’s oil importing countries till the end of June 2022 …

The value of Iran’s non-oil export to Oman jumps 168 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from that of the same quarter in the previous year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi said that Iran …

The Iranian Customs Spokesman said that the amount of non-oil trade of Iran with Oman was 4,190,000 million tons of goods worth more than 1 billion dollars. Roohollah latifi said in an exclusive interview with ILNA that “In the year 1400 (2021-2022), the amount of non-oil trade of Iran with …

Iran and Oman have agreed to revive a deal for natural gas exports to the latter and jointly develop Hengam natural gas field in the Strait of Hormuz in the Persia Gulf. The agreement was made during the recent visit by Iranian Oil Minister Javad Owji to Muscat. The deal …

The Sultanate of Oman’s production of crude oil and condensates recorded an increase of 8.2 per cent by the end of February 2022 to reach 60,929,200 barrels compared to 56,300,900 barrels by the end of February 2021, according to the latest data issued by the National Centre for Statistics and …

British multinational oil and gas company, BP, and Oman’s Ministry of Energy and Minerals signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement for multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030, BP announced in a recent statement. As part of the …

Iran’s Oil Minister considering the price range of $ 80 to $ 90 to be the ideal price for oil, stressed that members of both OPEC and OPEC Plus have a consensus on this figure, which is a good price for both exporting and consuming countries. “Regarding the recent agreement …

Oman said there was no need for OPEC+ to accelerate oil-production increases, signaling at least some members of the group will continue to resist U.S. pressure for more crude. OPEC+ is already raising daily supply by 400,000 barrels per month and that’s enough, Oman’s Energy Minister Mohammed Al-Rumhy said in …

Global energy major Royal Dutch Shell plans to add new clean energy projects in Oman and boost its renewables portfolio as the sultanate aims to generate 30 per cent of its electricity from green sources by 2030. The company launched the 25-megawatt Qabas solar plant in Sohar in January, which …