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Subscriber

The Saudi Fund for Development has agreed to inject $320m into a joint project to build the infrastructure to support a new special economic zone (SEZ) in Oman’s Al-Dhahirah governorate.

Saudi Arabia | Oman
Issue 1163 - 10 February 2023

Oman hosts Iran-Ukraine drone talks

Subscriber

At least two rounds of talks have been held between Iranian and Ukrainian officials in Oman, to discuss Tehran’s supply of armed drones to Russian forces fighting in Ukraine, according to GSN sources.

Iran | Oman
Free

Oman LNG signed a binding term-sheet agreement with China International United Petroleum and Chemical Company (Unipec) to supply 1m tonnes of liquefied natural gas (LNG) a year for four years, starting in 2025. Oman LNG also signed a ten-year, 1m/yr deal with Turkey’s Botas Petroleum Pipeline Corporation.

Oman
Free

Assayida Ahad Bint Abdullah Hamed Al-Busaidi, wife of Oman's Sultan Haitham Bin Tariq Al-Said, inaugurated the Ministry of Social Development’s National Autism Centre in Al-Seeb early February. The facility is the first of its kind in the country.

Oman
Subscriber

Gas production started at the Mabrouk North-East field at Block 10 in Oman, according to operator Shell. The international oil company has a 53.45% working interest in the block. Its partners are state-owned OQ (13.36%) and Marsa Liquefied Natural Gas, a joint venture between OQ and France’s TotalEnergies (33.19%).

Oman
Free

A summit of regional leaders, held in Abu Dhabi on 18 January, appeared to be hastily arranged and did not include representatives from Saudi Arabia or Kuwait. It has nevertheless prompted widespread speculation about what may have been discussed and the meeting’s wider meaning. Such interest reflects its host’s apparently ever increasing prominence in international affairs.

United Arab Emirates (UAE) | Kuwait | Saudi Arabia | Oman | Qatar
Subscriber

Oman's Crown Prince and culture, sports and youth minister Sayyid Theyazin Bin Haitham Al-Said has been most prominent of late in sporting circles. Theyazin is Sultan Haitham's eldest son. Theyazin's younger brother Bilarab has a lower profile.

Oman
Subscriber

Improving outlook:  Like most other hydrocarbons exporters, Oman’s economic outlook has been improved by a sustained period of high oil prices. We expect relatively buoyant oil and gas prices to continue through 2023, despite mixed signals from the global market. Added to a perception that economic performance is slowly improving on Sultan Haitham Bin Tariq Al-Said’s watch, GSN has attached a positive upwards arrow to Oman’s economic and financial risk grade.

Oman
Subscriber

Oman's state energy company OQ signed an agreement with Saudi giant Sabic and Kuwait Petroleum International (KPI) in late December to develop a jointly-owned petrochemicals complex in the special economic zone at Duqm (Sezad).

Kuwait | Saudi Arabia | Oman
Issue 1161 - 14 January 2023

UK hosts 21 Gulf troops

Free

The United Kingdom government said in December that it was hosting some 21 military personnel from the Gulf for liaison and engagement purposes.

Kuwait | Saudi Arabia | Oman | United Arab Emirates (UAE) | Qatar
Free

A series of talks between Iranian and GCC officials have been held during December and early January in Gulf capitals, as well as on the sidelines of events in Jordan and Brazil, in moves that suggest Tehran is recalibrating its relations with neighbouring monarchies during a period of intense domestic tensions.

Iran | Saudi Arabia | Oman | United Arab Emirates (UAE)
Subscriber

Saudi real estate company Dar Al-Arkan has signed an agreement with former United States president Donald Trump’s Trump Organisation to develop a resort close to the  Muscat.

Saudi Arabia | Oman
Issue 1159 - 01 December 2022

Oman: Further upgrade for sovereign rating

Subscriber

Standard & Poor’s (S&P) has upgraded its sovereign rating of Oman for the second time this year, raising it from BB- to BB on 25 November. S&P had previously upgraded Oman from B+ to BB- in April.

Oman
Subscriber

Iran appears to have resumed its campaign of striking tankers in the Gulf of Oman, after the Bahrain-based US Naval Forces Central Command (Navcent) reported that the Pacific Zircon oil products tanker had been struck by an Iranian-made explosive drone off Fujairah, en route to Argentina.

Iran | Oman
Issue 1158 - 19 November 2022

US approves glide bomb sale to Oman

Free

The United States has approved a $385m sale of joint stand-off weapons to Oman. The package of 48 glide bombs for the Royal Air Force of Oman is being supplied by Raytheon Missiles and Defense Company.

Oman