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Oil and Gas

Kuwait Petroleum to lead CDU capacity additions

Kuwait Petroleum Corp is expected to lead new-build crude distillation unit (CDU) capacity additions in the global refinery industry from planned and announced projects...
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Duqm refinery

Brazil’s WEG secures equipment contract for Duqm refinery project

Brazil’s WEG will be the supplier of both medium, and low-voltage equipment for the Duqm refinery in Oman. A global leader in motor, drive and...
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Oman’s state budget deficit sees 53% drop in first half of 2019

The Sultanate’s state budget deficit has seen a 53% drop with the deficit at OMR 0.66bn (660mn) as compared to OMR1.4bn for the same...
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ADNOC Distribution Shares are now Shari’a Compliant

UAE’s largest fuel and convenience retailer, ADNOC Distribution, today announced that its shares have now been certified as Shari’a-compliant. The move is based on...
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Healthy economic outlook for Oman over medium term, says CBO report

​Oman’s economic outlook appears to be healthy over the medium term aided by thriving non-oil economic sectors and new enabling policies, including those that...
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