Oman’s oil output fell by 3.7% year-on-year (y-o-y) in the first 10 months of 2017, with production averaging 970,000 barrels per day (bpd), down from 1m bpd in the same period of 2016. However, an improvement in average prices saw oil earnings rise by 32%, according to the National Centre for Statistics and Information.
As Oman enters its 48th year of renaissance, we hope to see its sustained development continue. In recent years we have witnessed, through the implementation of various plans and programmes, the accomplishment of those goals which we have had our sights set on since the dawn of our new era. These achievements are inspired by our fundamental...
Arab states are China’s important partners in following the peaceful development path, strengthening unity and cooperation among developing countries and establishing a new type of international relations, with win-win cooperation at its core. China has always approached China-Arab relations strategically. It is China’s long-held diplomatic...
The utilities industry in Oman is going through a transitional period in anticipation of major restructuring and renewal plans in the water and electricity sectors. While large-scale retail competition in electricity is not yet feasible, changes in technology – like the introduction of cost-reflective tariffs (CRT) – are making distributed...
The Oman Environmental Services Holding Company – known as be’ah – is close to completing the transfer of waste management operations to international operators in each of its 11 governorates. The move is part of a waste management plan to modernise and restructure the handling, treatment and disposal of municipal solid waste (MSW), expanding...
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