Zawya.com - Oman News

Oman will pay for the entire cost of the pipeline and related infrastructure, and would be compensated through revenues generated from the sale of gas, Oil Minister Bijan Namdar Zanganeh said.

Qatar is preparing to deal with any potential sanctions from its neighbours amid a continued diplomatic stand-off over the role of political Islam in the region, a Financial Times report said.

According to EY's Global Oil & Gas Transactions report, the combined number of oil and gas transactions in the UAE, Oman and Iraq represented almost 60 percent of the total number of upstream transactions in the Middle East.

The budget surplus of Oman government fell 35.5 per cent to OMR269.7 million in January this year, from OMR417.9 million for the same month of 2013, mainly on account of a fall in total revenue and soaring expenditure.

Oman's foreign trade witnessed a 9.1 per cent increase rise at RO 19.84 billion in the total value of commodity exports at the end of November 2013.

Selevision, a leading provider of digital entertainment Services who launched its digital entertainment solutions early this year, showcased its service On Android Hybrid Setup Box, DVBS2 /IP in Cabsat 2014.

The old factory was completely destroyed in a fire 15 months ago.

Oman Airports Management Company has floated Request for Proposals for a master concessionaire of duty free, retail and food & beverages services at the new Salalah airport.

Muscat - Galfar Engineering and Contracting Company has received a US$16.98mn contract by BP Oman for civil works at the Khazzan project, Galfar said in an announcement to the Muscat Securities Market (MSM).

Muscat - President Dr Hassan Rouhani of the Islamic Republic of Iran and his delegation met at Al Alam Palace Guesthouse on Thursday with a number of Omani businessmen.

Iran on Thursday extended a hand of friendship to Gulf Cooperation Council (GCC) countries and other nations of the region and invited them to invest in his country.

Yahya bin Saeed al Jabri, Chairman of the Special Economic Zone Authority at Duqm (SEZAD), signed an agreement granting the right of use and development of land to a local investor with the aim of setting up an investment, tourist, commercial and residential project.

Countries in the Gulf Cooperation Council (GCC) are becoming increasingly attractive markets for the automobile industry, with vehicle sales expected to reach nearly 2 million units within the next few years.

A major fishing harbour in Duqm, which is considered as the largest one in Oman, is expected to be ready by 2016.

CC Energy Development (CCED) has achieved over 23,000 barrels of crude oil production per day from its two oil concession areas in Oman -- Block 3 and Block 4.

The private placement of Oman Telecommunication Company's (Omantel) 71.25 million shares were subscribed by 1.988 times with high networth and institutional investors bidding for the shares in the price range of OMR1.500-1.900 per share.

Ali bin Khalfan bin Salman Al Qutaiti, chief of Health and Environment Council and chief of Crushers and Quarrying Council at the Shura Council, has been confirmed as the chief guest for Mining and Quarrying Oman 2014.

Around 70 per cent of government agencies lag in the use of automation systems pertaining to administration and internal processes within government agencies.

Omantel has launched the new "A'amali" service catering to the needs small and medium enterprises (SMEs) aiming to enable them to enhance productivity and performance in their business by providing a range of services to serve the sector.

The Omani government's plan for the establishment of a logistics hub at Barka, to serve as a midway point between Sohar Port and the capital city Muscat, is currently in the master-planning phase.

Oman to pay entire cost of gas pipeline

Qatar plans to face potential sanctions from neighbours

Middle East oil, gas transaction value increases 15%

Oman's budget surplus falls to OMR270m in January 2014

Oman: Foreign trade fetches OMR19.84bn

Selevision launches service in Mena

OFOC begins production at new factory in?Rusayl

OAMC floats RFPs for duty free, retail and F&B at Salalah airport

Galfar bags USD17m BP deal for Khazzan project

More trade dialogue urged between Oman and Iran

Iran reaches out to Gulf Cooperation Council, regional countries

RO 70 million Duqm zone pact signed

16.4m vehicles to hit GCC roads in 2017

Duqm fishing harbour expected to be ready by 2016

CC Energy's output crosses 23,000bpd of crude oil in Oman

Omantel's private placement price fixed at OMR1.511

Experts to discuss ways of optimising mining operations in Oman

70% agencies lag in use of automation systems

Omantel launches A'amali service for SMEs

South Batinah Logistics Hub being master-planned