4/29/2026 10:00:23 AM (Volume: 43 / Issue: 5)
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Tag: Oman

Energy, Oil & Gas

OPAZ signs $250m EV, battery cell project deal in Duqm

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a usufruct agreement with Korean EV technology company EL B&T to establish an electric vehicle and battery cell production project in Duqm’s special economic zone, with investments estimated at $250 million....

Energy, Oil & Gas

Major energy, sustainability events return to Muscat from May 18

Oman Sustainability Week (OSW) and the Oman Petroleum and Energy Show (OPES) will take place from May 18 to 20, 2026 at the Oman Convention and Exhibition Centre in Muscat, under the patronage of the Ministry of Energy and Minerals....

Energy, Oil & Gas

Oman to enforce new fuel station rules from May 6

Oman’s Ministry of Commerce, Industry and Investment Promotion will begin implementing the provisions of the new regulatory framework for fuel filling stations, issued under Ministerial Decision No. (142/2025), effective Wednesday, May 6, 2026....

Energy, Oil & Gas

Youth-focused renewable energy initiative kicks off in Sohar

A programme on sustainability and renewable energy has begun in the Wilayat of Sohar, in the Governorate of North Al Batinah, Oman. The programme is organised by the Youth Centre and SOHAR Port and Freezone. It aims to equip over 50 young Omanis, aged 25–34, with essential skills for the global energy transition....

Energy, Oil & Gas

Oman–Botswana launch 500 MW solar project

Maun, Botswana hosted the groundbreaking of a 500 MW solar power plant with battery storage of equal capacity, launched under an investment cooperation framework between Oman and Botswana to strengthen energy partnership and sustainability....

Energy, Oil & Gas

OQ Group reports $1.6bn net profit in 2025

OQ Group reported a net profit of RO 641 million ($1.6 billion) for 2025, up 25 per cent year on year. The result reflects the strength of its integrated business model and disciplined performance amid continued volatility in global energy markets....

Energy, Oil & Gas

Oman's Nama signs new power purchase deals for 3,500MW projects

Oman's Nama Power and Water Procurement Company (PWP) has signed new power purchase agreements with three independent power producers - Phoenix, Al Batinah and Al Suwadi Power - for gas-fired power projects with a combined capacity of 3,500MW in the sultanate. ...

Energy, Oil & Gas

Oman APSR unveils three strategic energy projects for 2026

Oman’s Authority for Public Services Regulation (APSR) will implement three energy projects—renewables, battery energy storage systems, and demand response—while improving service assurance standards in 2026 to boost efficiency and reliability. ...

Energy, Oil & Gas

Nama set to award new PPAs for 3500MW power projects in Oman

Nama Power and Water Procurement Company is set to ink new power purchase agreements (PPAs) with Oman's top listed power generation companies – Al Suwadi, Al Batinah and Phoenix Power - for three gas-fired Independent Power Projects (IPPs) with a combined 3,500 MW capacity in the sultanate. ...

Energy, Oil & Gas

Decline in O&G prices pushes Oman producer index down 3.3pc

Oman’s Producer Price Index fell 3.3 per cent in Q4 2025 compared with Q4 2024, according to NCSI. The decline was driven by a 5.8 per cent drop in mining and quarrying prices, mainly due to a 6 per cent fall in crude oil and natural gas prices....

Energy, Oil & Gas

Drones target fuel tanks at Oman’s Duqm Port

Fuel tanks at Oman's Duqm commercial ​port were targeted by several ‌drones, ⁠with ‌one striking ⁠a ​fuel ⁠tank, Oman News Agency (ONA) reported on Tuesday, ⁠citing ​a ⁠security source....

Energy, Oil & Gas

OQEP reports robust financial performance, strategic expansion plans

OQ Exploration and Production (OQEP) reported 2025 revenue of $1.2 billion and EBITDA of $941 million (81% margin). Operating cash flow strengthened, and the company targets 300 kboepd production by 2030 while maintaining disciplined leverage and shareholder returns. ...

Energy, Oil & Gas

TotalEnergies JV achieves key construction milestone at $1.6bn Oman LNG hub

Marsa LNG, a joint venture between TotalEnergies and Omani group OQ, said it had achieved a major construction milestone at its $1.6 billion LNG bunkering hub at Sohar Port with the installation of the roof of a major storage tank in what it called a significant step forward for the project. ...

Energy, Oil & Gas

Oman signs concession agreement for Offshore Block (18)

Oman’s Ministry of Energy and Minerals has signed a concession agreement for Offshore Block 18 to support hydrocarbon exploration and production. Petronas will operate the block with a 70 per cent stake, while OQ Exploration and Production holds 30 per cent. The agreement includes a four-year exploration period, extendable to 30 years if commercial production is achieved. ...

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