Financials and Investment News in Oman
| 11/6/2018 - State-owned Oman Gas Co. has signed a financing agreement with a group of seven local and international banks, the firm stated on Twitter, without giving details on the size of the financing. ... |
| 11/5/2018 - Occidental Petroleum Corporation announced net income for the third quarter of 2018 of $1.9 billion, or $2.44 per diluted share, which included an after-tax gain on the sale of domestic midstream asse... |
| 9/18/2018 - Duqm Refinery launched its In-Country Value (ICV) Programme Opportunities Forum at the Crowne Plaza Hotel in Duqm. The launch of the programme coincides with the beginning of construction of the refin... |
| 7/23/2018 - JGC Corporation (hereinafter “JGC”) announced today that Al Asilah Desalination Company S.A.O.C (hereinafter “Asilah”), in which JGC is the major shareholder, has received an award to build, own and o... |
| 3/5/2018 - Duqm Refinery, a 50:50 partnership of Oman Oil Company and Kuwait Petroleum International (KPI), hopes to close the financing of its estimated $7 billion grassroots refinery project in Duqm Special Ec... |
| 2/24/2018 - Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Hydrocarbon Finder E&P LLC (HCF) signed an Islamic project financing facility for the development of oil and gas fields in Oman’s ... |
| 11/13/2017 - Oman’s Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 billion refinery project, banking sources familiar with the mat... |
| 8/28/2017 - Salalah Methanol Company (SMC), a wholly-owned subsidiary of the Oman Oil Company (OOC), said it has secured a 12-year $728 million project finance facility for funding an ammonia project from a mix o... |
| 7/24/2017 - As one of its values to aim for leading performance, Orpic has been awarded the perfect Project Finance Deal of the year (2016) from Trade and Export Finance Agency (TXF) for the LPIC project finance ... |
| 7/12/2017 - Having nailed down contracts for its $826 million Salalah LPG Extraction Project, Oman Oil Company (OOC) — the wholly government-owned energy investment arm — is now gearing up to deliver its next pet... |
| 6/5/2017 - Alizz Islamic Bank signed an agreement with Oman Oil Refineries and Petroleum Industries Company - Orpic to provide Islamic financing facilities for the construction of a Petroleum Coke (petcoke) stor... |
| 4/22/2017 - A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanate’s commitment to supply natural gas as feedstock. ... |
| 4/10/2017 - Duqm Refinery, a 50:50 joint venture between the Sultanate’s state-owned Oman Oil Company and Kuwait Petroleum International, is seeking 65 per cent of its $7 billion capital expenditure for building ... |
| 3/15/2017 - Oman’s Duqm Refinery & Petrochemical Co. hired Credit Agricole SA to advise on fundraising for its $6 billion project, according to two people with knowledge of the plan. ... |
| 2/16/2017 - The government of Oman is considering financing structures that let it get advance payments from oil traders, reducing the government's need to borrow more money from banks, sources familiar with the ... |
| 1/16/2017 - Oman’s Special Economic Zone Authority in Duqm (Sezad) and China-based Asian Infrastructure Investment Bank (AIIB) have signed a $265 million loan agreement for funding the second phase of Duqm Port. ... |
| 10/30/2016 - The new mining law, which will be announced soon, is expected to speed up processing of mining licences and bring more clarity to help mining firms to avoid project delays, according to a top-level of... |
| 10/18/2016 - The price of Oman Crude Oil Financial Contract, DME Oman, for December delivery, closed at US$49.75 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time. ... |
| 10/16/2016 - Reaffirming its dedication to support the growth of the Sultanate’s entrepreneurial community, Oman Oil Marketing Company (omanoil) signed an agreement with the Al Raffd Fund to finance the creation o... |
| 10/7/2016 - Oman Oil Company Exploration & Production (OOCEP) has appointed Sumitomo Mitsui Banking Corp as financial advisor to arrange a loan which is likely to be in excess of $1 billion, banking sources said.... |
