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8 Current news from oman


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Oman Oil and Oxea Cooperate with German University of Technology


The Oman Oil Company (OOC) together with its subsidiary, the chemical company Oxea, has signed an agreement with the German University of Technology (GUtech) in Maskat, Oman. According to this agreement, GUtech, a private university that is associated with the RWTH Aachen (University of ...


AkzoNobel agrees JV deal in Oman


AkzoNobel has expanded its presence in the Middle East after acquiring a 50 percent stake and management control of Sadolin Paints Oman SAOC, which employs around 150 people. The company has signed a joint venture agreement with Omar Zawawi Establishment LLC (promoter and shareholder of Sadolin ...


ABB wins order worth over $100 million for a new gas condensate plant in Oman


ABB has won a contract worth over US$ 100 million to build a new gas condensate processing plant for Petroleum Development Oman (PDO) in the Sultanate of Oman. The order was booked in the second quarter. The new Saih Nihayda Condensate Stabilization Plant will be located near the Saih Nihayda gas ...


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OCTAL secures US$296 million for next phase of expansion


OCTAL is on track to complete the second phase of its operational expansion this year following a new round of funding from six Middle Eastern banks. The privately owned, Oman-based manufacturer opened a 400,000 metric ton (m/t) PET resins and sheet packaging facility in the southeast port city ...


ABB wins Oil & Gas order in Oman


ABB recently won an order to provide electrical equipment and related services for the Kauther Depletion Compressor Project for Petroleum Development Oman (PDO). The contract was awarded by GE Oil & Gas. Located on the northern edge of the major central Oman gas fields, the Kauther gas field ...


Air Liquide: start-up of new units in Middle-East


The Middle East economies continue to grow, generating many different needs for industrial gases. Following the acquisition of the Al Khafrah Industrial Gases Company in Saudi Arabia announced on last July 08th, Air Liquide is pursuing its development in the Middle-East. In Oman, the local ...


OCTAL Petrochemicals substitutes 90 per cent of Oman’s PET imports


After just five months of operations at its new manufacturing facility in the Salalah Free Zone, OCTAL Petrochemicals has substituted 90 per cent of PET resin imports into Oman, valued at nearly US$42 million a year. OCTAL Chairman Sheikh Saad Suhail Bahwan said: “Omani companies can now buy ...


Chemtura Petroleum additives forms exclusive mid-east distributorship with Aviation Technology & Turbine Services


Chemtura Corporation's Petroleum Additives business group has named Aviation Technology and Turbine Services, Inc. (ATTS) of Marlton, NJ, as exclusive distributor of its Hybase line of magnesium sulfonate fuel additives (M-14D and derivatives) in Saudi Arabia, United Arab Emirates, Bahrain, ...


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