British foreign minister Jeremy Hunt said prospects for talks to end Yemen’s nearly four-year-old war were “more real” after Saudi Arabia confirmed its willingness to evacuate 50 wounded Houthi fighters to Oman for medical treatment.
The Iranian Foreign Ministry denied that its diplomats are holding talks with the US on the existing issues between Tehran and Washington.
Leading stock exchange BSE said it will introduce futures contracts on Oman Crude Oil in its newly launched commodity derivatives segment from Friday.
State-run Oman Oil Co is set to raise an $850 million (£652 million) revolving credit facility, sources familiar with the matter said.
Careem has resumed services in Muscat, Oman after signing an agreement to partner with a local taxi company, the Middle East ride-hailing app company said.
State-run Bharat Petroleum (BPCL), which owns Bina Refinery in an equal JV with Oman Oil Company, has shelved its IPO plans for the company as "it generates enough cash" to complete the ongoing expansion and as also "because Kuwaiti Petroleum is keen to pick up a stake", says a senior official.
OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said on Wednesday.
A Keralite working in Sultanate of Oman in a supermarket has been terminated from his job following a highly insensitive post he wrote in the wake of the worst-ever floods in the state.
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India’s oil minister said, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
Essar Oil (UK) will touch double-digit margins this fiscal after it completed a USD 250 mn investment in upgradation of the refinery, Thangapandian said.