Ras Markaz terminal receives more than 22 crude oil shipments
The oil storage terminal at Ras Markaz in the Wilayat of Duqm, managed by OmanTank Terminal Company (OTTCO), is a vital project that targets the storage of all types of crude oil in large quantities outside the Strait of Hormuz. This allows international companies to store their oil at the terminal for any period—short or […]
Oman’s economic diversification picking up pace: IMF
Oman’s longstanding drive to diversify its predominantly hydrocarbon-dependent national economy has gained strong impetus in recent years on the back of a combination of landmark legislative actions, policy interventions, reinforced organizational mandates and enhanced investment regimes, according to the International Monetary Fund (IMF). The UN global financial agency said in its newly published report, […]
3 projects worth RO 23.4m launched in Salalah Free Zone
In a high-level inauguration ceremony, three new plants kicked off operations at Salalah Free Zone (SFZ), adding RO 23.4 million in investments to the zone’s portfolio of businesses. The inauguration ceremony, held under the patronage of Dr Mahad Said Baowain, Minister of Labour, was attended by Dr Ali Masoud al Sunaidy, Chairman of the […]
PDO sets new records in sustainable operations and value creation in 2023
Oman’s largest producer of oil and gas, Petroleum Development Oman (PDO), has achieved a remarkable year in 2023, showcasing exceptional accomplishment in its pursuit of building a sustainable low-carbon future to maximise value for Oman. With a strong focus on safety, operational performance, and value creation, PDO has set new records and surpassed targets across […]
Omran launches new initiative to empower Omani youth
Oman Tourism Development Company (Omran Group), in collaboration with the Ministry of Labour, and its subsidiaries, Visit Oman and Oman Convention and Exhibition Centre (OCEC), proudly announced the launch of Masarat 2.0. This ground-breaking initiative, falling under the umbrella of the #IAmTourism strategy, marking a significant stride towards Oman’s Vision 2040 for youth empowerment. […]
Salalah Free Zone gets 3 new factories
The Salalah Free Zone marked the opening of three new factories with a total investment value of RO23.4 million, in the presence of Dr. Mahad bin Saeed Baawain, Minister of Labour, and Dr. Ali bin Masoud al Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free ZonesAuthority for Special Economic Zones and […]
