The International Monetary Fund (IMF) listed Oman’s efforts at diversifying its economy from hydrocarbons as a positive and said that its spending cuts would drive down deficits
IMF highlights Oman’s non-hydrocarbon growth
Industry
Oil Plus secures contracts worth US$1.5mn in Middle East
The Newbury-based Oil Plus Ltd, a specialist global oil and gas consultancy, has received contracts about US$1.5mn over the past three months and has significantly expanded its footprint in the Middle East’s oil and gas market
ADNOC to unveil new investment opportunities at Downstream Investment Forum in May
The Abu Dhabi National Oil Company (ADNOC) is planning to launch a detailed downstream strategy to expand Ruwais Industrial Complex and introduce new partnership opportunities, to boost oil and gas sector in Abu Dhabi and across the UAE
Austria's OMV to own 20 per cent stakes in two oil fields in the UAE
Austrian oil and gas company OMV has announced plans to acquire 20 per cent stakes in two offshore oil fields in Abu Dhabi, with a purchase price of US$1.5bn
Shell sells stakes in Mukhaizna asset in Oman to IndianOil
Shell Overseas Holdings Limited has announced the sale of Mukhaizna asset in Oman to IOCL Singapore PTE Ltd (ISPL), a subsidiary of Indian Oil Corporation Limited (IndianOil), for an amount of US$329mn
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