Tethys Oil, a Swedish energy company, has signed an exploration and production sharing agreement (EPSA) with the Omani government for Block 58 onshore Oman. The block is located in southern Oman near the Swedish firm’s operated exploration licence Block 49. Tethys Oil, through its fully-owned subsidiary Tethys Oil Qatbeet, will be the operator of Block […]
Raysut Cement, an Omani cement manufacturer, said that is UAE-based subsidiary Pioneer Cement will build a $200 million worth integrated cement plant in Georgia, Eastern Europe, which will have a capacity of 1.2 million tonnes per annum capacity. The cement factory in Georgia will be located near Tbilisi, adjacent to limestone mines. Pioneer Cement owns […]
The 50MW Dhofar Wind Farm in Oman, which is being developed by Abu Dhabi Future Energy Company (Masdar) as the first utility-scale wind farm in the Gulf Cooperation Council, has produced its first power. The milestone has been achieved following the commissioning of the first turbine. The remaining 12 turbines are scheduled to be brought […]