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."
Petroleum Development Oman’s leaders feature in industry top 10 list
Muscat: Dr Mohammed bin Hamed Al Rumhy, minister of Oil and Gas and chairman of Petroleum Development Oman (PDO) Board of Directors, and PDO Managing Director Raoul Restucci have been named among the most powerful and influential people in the Middle East oil and gas sector.
The website www.arabianindustry.com ranked Al Rumhy at number four and Restucci at number 10 in a Top 10 list of leading industry figures.
Workforce localisation - The business news portal highlighted the Minister's work on Omanisation stating: "Oman is a leading light in the process of workforce localisation and much of that accolade must be credited to the hard work of Dr Al Rumhy."
New container service linking India, GCC to start on May 9
Muscat: A new container service connecting the Indian subcontinent and the Middle East will be launched in May as Evergreen Line and Simatech Shipping have reached a vessel-sharing agreement, according to the Oman International Container Terminal (OICT).
The weekly loop, branded the Chennai-Colombo-Gulf Service, or CCG, will employ four vessels of around 2,000 20-foot-equivalent units' capacity, OICT sources informed Times of Oman
OICT is the gateway for international trade in Oman a hub for regional transshipment traffic. It is a joint-venture between global port investor, developer and operator Hutchison Port Holdings Limited (HPH), the government of the Sultanate of Oman, Steinweg of Netherlands and a number of other well-established Omani Investors.