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Oman News and Analysis

News

Gas pipes

Jacobs awards management deal on Khazzan gas project Subscription Required

23 July 2014 | By Mark Watts

Contract includes management services on $2bn-worth of pipelines and production facilities

CB&I wins $50m supply deal for Sohar refinery expansion

CB&I wins $50m deal for Sohar refinery expansion Subscription Required

23 July 2014 | By Mark Watts

US group to supply heaters and steam reformer for project in Oman

Muscat, Oman

Deadline extended for Qurayyat water project Subscription Required

23 July 2014 | By Andrew Roscoe

Plant will have a capacity of 44 million imperial gallons a day

Oman road

Oman tenders package eight of Batinah Expressway Subscription Required

22 July 2014 | By Colin Foreman

Companies have also been invited to bid for package seven of Oman road scheme

Omani banks secure viability upgrade from Fitch

Omani banks secure viability upgrade from Fitch Subscription Required

22 July 2014 | By Rebecca Spong

Resilient performances boost ratings of lenders

Mace to manage Oman Cultural Complex project

Mace to manage Oman Cultural Complex project Subscription Required

22 July 2014 | By Colin Foreman

Scheme includes building a major library, archive and theatre in Muscat

Muscat, Oman

Mace awarded consultancy contract by Oman state refiner Subscription Required

22 July 2014 | By Mark Watts

UK group to provide contract services to hundreds on contracts in sultanate’s downstream sector

Muscat, Oman

Oman tenders Muscat-Sohar pipeline Subscription Required

22 July 2014 | By Mark Watts

Proposed $200m infrastructure scheme to revamp sultanate’s refined products distribution

Bank Muscat profits rise on Bahrain merger Subscription Required

20 July 2014 | By Rebecca Spong

Lender’s profits up by 37 per cent

Tender board contracts down 28 per cent in Oman Subscription Required

20 July 2014 | By Mark Watts

Roads dominate Oman’s state tender board as first six months of 2014 total RO616.3m

Oman awards five technology licences on Liwa Plastics Subscription Required

16 July 2014 | By Mark Watts

Petrochemicals deals worth $80m handed to Randall, Axens, CB&I, LyondellBasell and Univation

Circle Oil plans to drill at Oman concession Subscription Required

16 July 2014 | By Kevin Baxter

Irish company will drill one exploration well by the end of 2014

Oman tenders more Batinah Expressway work Subscription Required

15 July 2014 | By Colin Foreman

Closing date for contract to build package seven set for mid-September

Bank Sohar boosts lending in first half Subscription Required

14 July 2014 | By Rebecca Spong

Oman’s Bank Sohar reports profit increase of 35 per cent

Oman power firm appoints advisers for $2.1bn debt raising Subscription Required

10 July 2014 | By Andrew Roscoe

Firms will act as joint financial advisers and arrangers for financing package

Larsen & Toubro secures Oman airport work Subscription Required

7 July 2014 | By Colin Foreman

Contract involves building terminal buildings at Duqm airport

Commercial Bank of Dubai finances Movenpick acquisition Subscription Required

6 July 2014 | By Rebecca Spong

Bank Muscat’s new property fund acquires beachfront hotel

Oman receives bids for Salalah port upgrade Subscription Required

1 July 2014 | By Colin Foreman

Three consultancies submit proposals to redevelop general cargo terminal

Oman seeks interest in Liwa Plastics construction tender Subscription Required

1 July 2014 | By Mark Watts

Companies ask to express interest in $3.6bn petrochemicals project in Sohar

Oman evaluates bids for new Salalah hospital Subscription Required

30 June 2014 | By Colin Foreman

New Sultan Qaboos Hospital in Salalah, Oman, will have 700 beds

Analysis

Oil offshore

Oil exporters put the brakes on spending Subscription Required

12 June 2014 | By Dominc Dudley

Oil exporters are starting to trim spending to keep budgets more in line with oil prices

Oman’s middle-sized banks fight for market share Subscription Required

5 June 2014 | By Rebecca Spong

Tighter regulation heightens competition among Oman’s banks

Oman commercial banks deposit base

Oman’s banks remain resilient to shocks Subscription Required

22 May 2014 | By Rebecca Spong

Central bank warns sector to diversify funding base

Oman crude and condensates production 2013

Oman oil and gas output up in 2013 Subscription Required

12 May 2014 | By Mark Watts

Hydrocarbons production increases despite crude drop for state oil producer Petroleum Development Oman

Recovery

The growing appetite for bonds Subscription Required

10 April 2014 | By Melissa Song Loong

Increased corporate activity spurred by strong economic growth is helping to expand the market

Serco is the service provider for the Dubai Metro

Bringing the region's services to life Subscription Required

10 April 2014 | By Colin Foreman

Facilities management firm Serco works quietly in the background, providing major services across various sectors in the region, but its CEO is looking to extend its reach

GCC gas contracts

Uptick in GCC gas awards expected in 2014 Subscription Required

12 February 2014 | By Mark Watts

Oman’s Khazzan deal the first of several big contracts this year as GCC invests in gas supply

Kuwait

Kuwait set to be biggest GCC oil and gas spender in 2014 Subscription Required

14 January 2014 | By Mark Watts

Large contracts on refineries and heavy oil should see Kuwait overtake the UAE this year

Mohammed al-Rumhy Subscription Required

7 January 2014

Mohammed al-Rumhy is oil and gas minister, Oman

Abdelaziz Bouteflika, President, Algeria

People to watch 2014 Subscription Required

6 January 2014

Key figures in the Middle East economy for the coming year

Comment

Markets and bonds

Bonds market gains maturity Subscription Required

10 April 2014

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Gasification at Jizan

Higher bid prices return to the GCC Subscription Required

10 April 2014

European firms have been winning work again for a couple of years now, beating South Korean competition

Oman

Oman looks forward to a positive future Subscription Required

3 April 2014 | By Elizabeth Bains

With the government rooting out corruption, Oman can focus on a concerted projects drive

Gas

The Khazzan tight gas test Subscription Required

13 February 2014 | By Mark Watts

The region’s producers will be keeping a close eye on the progress of Oman’s new unconventional gas scheme for potential of its model working elsewhere

Oman

Crackdown a first step to reform Subscription Required

30 January 2014 | By Mark Watts

A corruption investigation into Oman’s oil and gas industry could lead to greater sector transparency

Awards

Local contractors dominate in 2013 Subscription Required

16 January 2014

The small size and nature of most contracts awarded last year saw local firms capitalise

UAE-Iran disputed islands

UAE-Iran islands deal would affect Gulf relations Subscription Required

16 January 2014 | By Mark Watts

Reported agreement would increase Iran’s influence in Strait of Hormuz and Oman ties

Gas

Muscat fired up by gas potential Subscription Required

7 November 2013 | By Mark Watts

The development of a huge tight gas project and gas trade potential with Iran could boost Oman’s economy

Gulf midstream

Midstream moves up Gulf agenda Subscription Required

31 October 2013

A world-class midstream sector enables countries to exploit the current boom in oil and gas prices

Rail

Muscat pushes on transport upgrade

30 August 2013 | By Rebecca Spong

Despite a new wave of transport infrastructure schemes, Oman still lags behind neighbouring GCC states

Growth: Oman looks to expand chemicals production

Oman to become GCC powerhouse Subscription Required

22 August 2013 | By Mark Watts

The Liwa Plastics Project and other refinery schemes are set to make the sultanate a top regional producer

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