News & Events
Unified registration system for oil sector contracts
"The goal is to take Omani companies internationally — something we’re looking to pursue through the Ministry of Oil and Gas. Initially, Omani contractors will be able to tap into opportunities in the Qatar oil and gas industry via this platform."
PDO, the country's largest oil and gas operator, says it is working to encourage its vast pool of vendors to register under the JSRS. "We have currently around 3,200 vendors registered with PDO. Of this number, around 800 have registered via the JSRS. Our target is to get all of our vendors to shift to the JSRS by mid-year, said Salim al Harthy of PDO's In-Country Value Department."
Oman's oil and gas production rises during H1, 2015
Muscat: The data published by the National Center for Statistics and Information (NCSI) pointed out that the Sultanate's oil production increased by 2.9% to hit 175,672,200 barrels during the first half of 2015 compared to 170,802,400 barrels during the same period last year.
As per the statements stated by officials of the Ministry of Oil and Gas, the Sultanate's production is expected to hit 1 million barrel per-day some days of this year.
The figures also pointed out that the peak average daily production this year was recorded in June 2015 with 992,700 barrels.
The Sultanate's total oil production in 2014 stood at 344,369,800 barrel including 312,536,900 barrels of crude oil.
Majan Electricity signs nine agreements worth over OMR7m
MUSCAT: Majan electricity Company – Part of Nama Group- has signed nine agreements worth over OMR7 million last Thursday for different projects, which include establishing a new station, the expansion of existing stations and the development of an integrated supply station in the different Wilayas that are covered in the company’s distribution network in the North Batina region as well as Al Dhahirah and Al Buraimi.
The first tender includes setting up a station in the city center of Al Buraimi with two feeders and land cables, with the tender valued at OMR922,560.A second tender is for building a substation in Al Jafrah with the capacity of capacity of (2x20KVA) in North Batinah valued at OMR949,630.