CCED begins flare gas-to-power project in Blocks 3 & 4

CC Energy Development (CCED) has commenced execution of a flare gas-to-power project in the company’s Blocks 3 & 4 (Afar & Ghunaim) operations on the eastern coast of Oman to further reduce its greenhouse gas emissions in pursuit of zero gas flaring ambitions by 2027.   In collaboration with Aggreko, a leading provider of industrial […]

OQGN’s record-breaking IPO lists on Muscat Stock Exchange

OQ Gas Networks SAOG (OQGN) has successfully made its debut on the Muscat Stock Exchange (MSX), becoming the largest-ever initial public offering (IPO) in the Sultanate of Oman.   The listing took place under the auspices of Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals. Also present were Shaikh Abdullah bin Salem […]

Oman’s Islamic finance sector surges with regulatory boost

Oman is experiencing a surge in its Islamic finance and banking industry, driven by new regulations and a supportive regulatory framework. The sector gained momentum in 2011 when a royal decree authorised its operations. The Central Bank of Oman (CBO) then introduced the Islamic Banking Regulatory Framework (IBRF) in 2012, followed by the establishment of […]

OQGN inks pact for hydrogen, CO2 infra projects in Oman

Building on its vision to support the development of low-carbon energy infrastructure in the Sultanate of Oman, OQ Gas Networks (OQGN) – the newly listed gas transportation company – has announced the signing of a Memorandum of Understanding (MoU) with Belgian-based energy infrastructure group Fluxys to explore cooperation in the establishment of hydrogen and carbon […]

Infrastructure and building materials exhibition opens

Project Oman 2023 , the international construction technology, infrastructure and building materials exhibition opens its doors for 2nd time at the Oman Convention and Exhibition Centre. The opening ceremony was graced by HH Sayyid Shihab bin Tarik al Said, Deputy Prime Minister for Defence Affairs.   Over the course of three days, Project Oman 2023 […]

Pact signed for pilot study on hydrogen fuelling stations in Duqm SEZ

OQ Alternative Energy , part of global integrated energy group OQ , signed an agreement on October 22, 2023, with the Ministry of Transport, Communications and Information Technology, ASYAD Group , Oman Oil Marketing Company, and Air Liquide Group. The purpose of this agreement is to conduct a joint study pilot project on green hydrogen […]

SOHAR Freezone signs Open Yard Car Storage Hub expansion deal

SOHAR Port and Freezone has signed an agreement with The Middle East Group (SFZ) for the expansion of their Open Yard Car Storage Hub in SOHAR Freezone. This expansion demonstrates SOHAR Port and Freezone commitment to strengthening logistics capabilities and enhancing import and re-export operations. Originally established as a dedicated hub for automotive brands, this […]

Ooredoo powers Shell Oman’s digital transformation journey

Ooredoo has signed and activated a digital, long-term partnership with Shell Oman Marketing Company (Shell Oman), which will see Ooredoo supporting the digital transformation of Shell Oman by providing innovative end-to-end (E2E) and ICT solutions that improve the agility of operations and cost efficiency of no less than 200 service stations. Under the agreement, Shell […]