BEIJING: Oman is developing ties with China’s financial sector. Its Ambassador to China, Anwar bin Ahmed bin Mohammed Muqaibal, received a delegation from the Industrial and Commercial Bank of China (ICBC) at the embassy.

Brussels: Oman’s Hydrom and Czech engineering company 2JCP have joined the Hydrogen Council, an international alliance bringing together leading companies from across the hydrogen value chain.

Duqm: Cumulative committed investment in the Special Economic Zone at Duqm reached OMR 8.818 billion by the end of June 2026. That is 141% higher than the OMR 3.65 billion recorded in 2021.

Muscat: Oman’s OQ Exploration & Production (OQEP) will expand its Bisat-B production facility at the Bisat oil field. Fluids extracted from wells are brought to the facility, where oil is separated from water and other components. Bisat-B is part of the infrastructure OQEP uses for production in Block 60.

Muscat: Oman is opening another part of its technological transformation to foreign capital. Through Invest Oman, the Sultanate is offering investors a project to establish a company focused on integrated circuit (IC) design. The estimated investment amounts to OMR 11.55 million.

Muscat: Oman’s Ministry of Energy and Minerals has signed two new concession agreements covering exploration areas with a combined size of almost 1,700 square kilometres. The companies involved are expected to invest approximately USD 15.4 million in the initial exploration programmes.