From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
After several years of slower growth, Oman’s construction sector looks set to bounce back as the government continues investment in infrastructure, tourism, housing and energy extraction. Strong private sector activity in the retail market is also creating a promising pipeline of construction work on shopping malls and other commercial...
The downstream segment is rapidly growing its refining and petrochemicals capacity, while plans are under way to bring gas-to-liquids (GTL) technology to Oman for the first time. As a backdrop to these developments, the integration of the Oman Oil Company (OOC) and the Oman Refineries and Petroleum Industries Company (ORPIC) into the newly...
A combination of factors, including climate change, rising energy demands and limited hydrocarbons resources, have driven Oman’s renewable energy agenda in recent years. Although renewables were estimated to have made up less than 1% of the country’s electricity mix in 2018, the Oman Power and Water Procurement Company (OPWP) aims to roll out...
The exploration and production (E&P) of natural gas reserves is defining advancements in Oman’s upstream segment, with the sultanate pursuing a policy of inviting major global players to develop reserves of non-associated gas. Since the successful commissioning of the Khazzan tight gas project in 2017, which added 1bn standard cu feet per...
Since its emergence in 2011, the concept of in-country value (ICV) has proven to be one of Oman’s most influential exports, taking hold in energy industries across the GCC. The strategy launched by the Ministry of Oil and Gas (MOG) in 2013 has led to a significant number of training opportunities and sizeable economic returns. With...
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