Related Articles
Oman’s port of Duqm
Forward article link
Share PDF with colleagues

Muscat outsources oil sector expansion

Bid round and first-ever private refinery shows the government is looking to external investment

Oman is delegating the task of eking-out additional income from its oil sector to foreign and private investors as it focuses on sustaining output from existing fields, tying-up downstream loose ends, securing gas supplies and—increasingly—adapting to a decarbonised future. In mid-July, the Ministry of Energy and Mineral Resources (MEMR) announced the Mid-East Gulf’s first bid round since last year’s oil price crash, just weeks after a Chinese investor was revealed to have formally committed to a long-mooted second greenfield refinery at the nascent Duqm economic hub on Oman’s east-central coast. Licensing round The three-block auction follows a familiar pattern—covering lightly explored

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
European gas market faces another uncertain year
28 January 2022
The lack of Russian gas and LNG capacity constraints threaten Europe with a shortfall of supply
Social licence needed in a decarbonising world
28 January 2022
Oil and gas producers can become part of the solution. But only if they can maintain, or regain, public trust
IEA calls for Canadian emissions reduction action
28 January 2022
The country’s oil and gas sector is a culprit in disappointing delivery despite good policymaking
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video