Muscat – ITHCA Group has signed a strategic investment agreement with US-based Lumotive, a company focused on programmable optical semiconductor technology, as part of efforts to strengthen Oman’s ...

The 1 million tpy liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP ...

Oman’s sovereign wealth fund has reached a preliminary agreement with Algeria’s finance ministry to establish an investment ...

The Oman Investment Authority signed a preliminary agreement with Algeria's Finance Ministry to establish an investment fund worth 115 million Omani riyals ($298.79 million).

Morgan Stanley analysts on Sunday said Saturday's announcement by OPEC+ that it will increase June output by 411,000 b/d for a second straight month will widen the supply surplus this year and next, ...

Higher-than-budgeted oil prices wiped out Oman’s OR640 million ($1.7 billion) deficit for 2024, according to the finance minister, although the IMF has warned that the Gulf state still faces economic ...

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The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

It serves as the cornerstone of Occidental Petroleum’s upstream operations, which focus on oil exploration and production. A major expansion came with the company’s $12.4 billion acquisition ...

Mukesh Ambani birthday: Mukesh Ambani, the Chairman of Reliance Industries ... the oil-to-telecom conglomerate acquired a majority stake in augmented reality company Tesseract, which creates ...

As if that was not enough, the free influx of smuggled petroleum products in the country also posed a serious existential threat to the oil refining industry. “The local refineries, including ...