Block 54 (the “Karawan Concession”) is located onshore Oman on the eastern side of South Oman Salt Basin and immediately adjacent to existing production. The block covers an area of 5,632km2 within ...

Oman's Ministry of Energy and Minerals has announced a competitive bidding round for oil and gas exploration in three key concession areas: Block 43A, Block 66 and Block 36. Interested investors ...

MUSCAT: The official price of Oman oil on Tuesday, February 11, for April delivery reached $79.18 per barrel. The price of Oman oil on Tuesday witnessed an increase of $1.17 compared to Monday's price ...

MUSCAT: Oman’s economy maintained steady growth in 2024, supported by a strong performance in non-petroleum activities, despite a decline in oil sector revenues and foreign direct investment flows, ...

With the steady increase in crude oil production and exports and the surge in oil prices in the mid- and late 1970s, Oman embarked upon an economic development path that transformed it into a ...

OQEP, a subsidiary of the state-owned global integrated energy group OQ SAOC, is Oman’s third-largest oil producer and was recently listed on the Muscat Stock Exchange following a successful Initial ...

Oman’s total production of crude oil and condensate throughout January 2019 reached 30.07 million barrels, with a daily average of 970,268 barrels, according to the monthly report issued by the ...

With production of less than 1 million b/d of oil, the Sultanate of Oman has less oil and gas reserves compared to its GCC neighbors, except Bahrain. Since the sharp drop in oil prices in the second ...