Concession pact for Block 80 signed Business

Concession pact for Block 80 signed

MUSCAT: The Ministry of Energy and Minerals (MoEM) signed a concession agreement on Wednesday for Block 80 with OQ Exploration and Production (OQEP) – Musandam Offshore and Turkish Petroleum Overseas Company Limited (TPOC). This comes within the framework of the Ministry’s efforts aimed at developing and utilising energy sources with high efficiency and innovation, and […]

Oil falls to lowest since after ceasefire deal signed Business

Oil falls to lowest since after ceasefire deal signed

LONDON: Oil ​prices fell almost 3 per cent on Thursday to their lowest since the first trading day of the Iran war, as a US-Iran interim deal to end the conflict, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.53, or 1.9%, at […]