Tag Archives | Oman

Iraq, Oman to Cooperate on Oil and Gas

By John Lee. Iraq and Oman have signed a memorandum of understanding (MoU) on cooperation in the oil and gas sector. Both sides will investigate the construction of oil storage facilities in both countries, the export crude oil to Oman, and the import of oil products back into Iraq. They will also consider building a […]

Oman to open Embassy in Baghdad

By John Lee. Prime Minister Adil Abd Al-Mahdi received Omani Foreign Minister Yusuf bin Alawi on Wednesday in Baghdad. During the meeting they discussed strengthening the relations between the two countries and the opening of air routes, facilitating entering visas, as well as their joint role in maintaining security and stability in the region. The […]

Oman to Reopen Embassy Baghdad

By John Lee. Oman is reportedly planning to reopen its embassy in Baghdad. Not exact date for the reopening has been announced. (Source: Muscat Daily, Middle East Monitor) (Picture: Yusuf bin Alawi bin Abdullah, Omani Minister for Foreign Affairs)

NIDC Eyes Iraqi Drilling Market

The National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq‘s drilling tenders. Speaking to reported on the sidelines of an oil show in Kish Island, on Tuesday, Sepehr Sepehri, NIDC managing director, said the company’s approach is to secure itself a toehold in global markets, adding NIDC is planning to participate in […]

Omani firm targets Rock Exports to Iraq

By John Lee. Al Fajar Al Alamia, an Omani firm listed on the Muscat bourse, has said that port facilities in the northern part of Oman must be improved in order to handle the high volumes of rock products required in Iraq, Qatar and Bangladesh. Company chairman Saleem bin Qassim bin Ahmed Al Zawawi said: […]

Iraq may Change Oil Pricing Benchmark for Asia

By John Lee. Iraq is considering changing its price benchmark for Basra crude oil sales to Asia. From January, the State Oil Marketing Organization (SOMO) proposes to price relative to Dubai Mercantile Exchange (DME) Oman futures, rather than the average of Platts’ Oman-Dubai quotes. According to a report from Reuters, this would mark a significant […]

Omantel Buys 10% of Zain Group

Oman Telecommunications (Omantel) has announced that it will purchase 425.7 million of Zain‘s treasury shares in a cash transaction at an offer price of KWD 0.60 per share – subject to regulatory approval. Once complete, Omantel will own a minority stake in Zain Group of approximately 9.84% in outstanding common shares. The total consideration of […]

Oman Air commences flights to Najaf from November

By John Lee. Oman Air has announce that it will be commencing its four times weekly service from Muscat to Najaf from November. Paul Gregorowitsch, Chief Executive Officer at Oman Air, said: “Following a temporary delay of our service to Najaf as the Operational teams were assessing and scheduling all fleet types for safe deployment […]

Oman Air Postpones Launch of Najaf Route

By John Lee. Oman Air has announced that the start of its planned service between Muscat and Najaf is delayed from 15th September to 1st October. The airline said in a statement: “The decision was taken in line with Oman Air’s over-riding priority of ensuring the safety and well-being of all its customers and staff.” […]

Oman Air to fly to Najaf

By John Lee. Oman Air has announced that it will start flights between Muscat and Najaf. The non-stop service will operate four times a week from 15th September. (Source: Times Of Oman)

Galfar Plans Expansion into Iraq

Oman-based Galfar Engineering is considering expansion into Iraq. Vice chairman and MD Dr. P Mohammed Ali was reported by Muscat Daily as saying: “Currently, we work out of Oman, India and Kuwait. We have plans to expand to countries such as Saudi Arabia and Iraq in the future. As we grow, our main aim will […]