A court has sentenced the CEO of state-owned Oman Oil Company to a total of 23 years in jail for accepting bribes, abuse of office and money laundering, the most severe punishment meted out in a series of corruption trials that began last year.
Oman is committed to building, and paying for, a huge $1 billion facility to store up to 200 million barrels of crude oil at Duqm on the Arabian Sea, an oil and gas official said on Monday.
State-run Oman Oil Company (OOC) would f
The first group of Oman Oil Company’s business leaders has successfully completed its initial training with London Business School for its Takatuf Leadership Programme.
The School is working in partnership with Oman Oil Comp
London Business School, which is regularly ranked amongst the best in the world, said it has won a major contract to train the managers at Oman Oil Company and its associated group units in Muscat.
As per the contract,
Bharat Oman Refineries Ltd (BORL) will commission its 120,000 barrels per day Bina refinery in central India in the July-September quarter, junior Indian oil minister Jitin Prasada told lawmakers on Thursday.
Bharat Oman Refineries Limited
State-run Oman Oil Company (OOC) on Wednesday bought stakes in two of the oil concessions blocks run by Reliance Industries in the Gulf of Oman, the firms announced on Wednesday.
OOC has bought a 30 per cent stake in block 18 and a 25 per
Oman Oil Company (OOC) has raised its stake in Hungarian oil and gas group MOL to 15.4 per cent from 8.4pc in a move that will boost the latter's defence against a possible hostile takeover.
'This is part of MOL's efforts to ha