MANILA: The Sultanate of Oman has firmly reaffirmed its stance on the critical importance of keeping global waterways open, emphasising that freedom of navigation is paramount to safeguarding international trade, energy security, and the global food supply. Representing the Sultanate of Oman, Sayyid Badr bin Hamad al Busaidy, Foreign Minister, led the Omani delegation at […]
Muscat: The Sultanate of Oman is closely monitoring the latest developments in the Red Sea, underscoring the importance of avoiding escalation of any actions that could further aggravate the situation or jeopardise freedom of navigation. In a statement, Oman stressed the need to preserve regional stability and ensure the security of vital international maritime routes […]
MUSCAT: Indian renewable energy developer ACME Group believes its expanding portfolio of long-term green fuel export agreements will create strategic synergies between its projects in India and Oman, as the company advances construction of its flagship green ammonia project at the Special Economic Zone at Duqm (SEZAD). The latest milestone follows the signing of two […]
The official price of Omani Crude for September delivery reached $89. 51 on Wednesday, an increase of $7.72 compared to yesterday’s price of $81.79 yesterday. It may be noted that the monthly average price of Omani Crude for July delivery reached $102. Oil rose in Asian trade Wednesday, with Brent crude hitting its highest price in more […]
The Sultanate of Oman and the European Union (EU) on Tuesday signed an agreement for the establishment of a diplomatic mission of the European Union in Oman. The agreement was signed on behalf of the Sultanate of Oman by Sayyid Badr bin Hamad al Busaidy, Foreign Minister, and on behalf of the EU by Kaja […]
Muscat: Oman crude surged by $2.34 to cross the $80 per barrel mark on Tuesday. It closed at $81.79 for September 2026 delivery. Oil prices lost more than 1% on Tuesday as markets weighed reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of […]
MUSCAT: Oman’s electricity market is set for a major transformation following the introduction of a new regulatory framework allowing renewable energy producers to sell electricity directly to eligible consumers, ending the sector’s long-standing reliance on a single-buyer model for renewable power transactions. According to legal experts, the Authority for Public Services Regulation’s (APSR) Decision No. […]
MUSCAT: Canada Business Holdings Inc (CBH), a Canadian project development and investment company, has announced plans to explore energy-related investment opportunities in the Sultanate of Oman. Ottawa-based CBH said in a statement that its interest in Oman follows a decision to formally close its development file for a proposed petroleum refinery project in Tunisia for […]
MUSCAT: The Ministry of Transport, Communications and Information Technology is implementing 61 road projects across the Sultanate of Oman under the Eleventh Five-Year Plan, with around 22 projects already more than 70 per cent complete as the government accelerates investment in transport infrastructure to strengthen connectivity and support economic growth. The projects include new highways, […]
MUSCAT: Payments reported by energy major Shell to Omani government bodies from extractive activities declined by about 13 per cent to $3.99 billion in 2025, despite an increase in oil production from its flagship Block 6 in the Sultanate of Oman, according to company and official data. The decline from approximately $4.59 billion in 2024 […]
