Oman’s natural gas production, import reach 4.190 bn cubic metres
The Sultanate of Oman’s total domestic production and import of natural gas reached more than 4.190 billion cubic metres until end of January 2024, a decrease of 7.7 per cent compared to the same period in 2023 with 4.538 billion cubic metres. Statistics showed that industrial projects accounted for 66.3 per cent of natural gas […]
Bank Muscat Oryx Fund distributes highest ever dividend of 72 baizas per unit to its investors for FY 2023
Bank Muscat Oryx Fund continues to reward its investors with a growing stream of dividend distributions and capital growth. The Fund’s management body, in its meeting held on February 18, 2024, approved a dividend distribution of 72 Baiza per unit to be paid to the unitholders for FY 2023. This is the highest cash dividend […]
‘Made in Oman’ SUV to be ready this year
The country’s first electric SUV to be manufactured at Duqm will be ready for customers by the end of this year. The company, Mays, said through its social media account that the SUV brand Alive 1 will hit the market by the end of this year with prices in the range of around RO16,000. The […]
Oman, Germany ink pact to explore green hydrogen value chain
Aiming to strengthen bilateral relations and cooperation in the field of energy, Salim bin Nasser al Aufi, Minister of Energy and Minerals, met Dr Robert Habeck, Vice Chancellor of Germany, Federal Minister for Economic Affairs and Climate Action, during his visit to the Federal Republic of Germany, to discuss the needs of the energy market […]
SMN Barka Power secures 9-year water supply pact in Oman
In a move that strengthens Oman’s water security, SMN Barka Power Company SAOC, a subsidiary of SMN Power Holding SAOG, has entered into a new Water Purchase Agreement (WPA) with Nama Power and Water Procurement Company (Nama PWP). The agreement, with a term of nine years, ensures the continued production of desalinated water by SMN […]
Oman sees $40 – 60 bn commitment towards new hydrogen industry
Underscoring the magnitude of Oman’s new green hydrogen industry, investments in the first wave of giga-scale energy projects underpinned by support utilities collectively referred to as ‘common infrastructure’, are expected to total between $40 – 60 billion by 2030, according to Eng Salim bin Nasser al Aufi, Minister of Energy Minerals. The revised projections, up […]
