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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...
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...

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...

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...

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...