Oman’s total refinery products reached 129.08 million barrels by the end of July 2026, down 3.7 per cent from the same period a year earlier, according to preliminary data from the National Centre for Statistics and Information (NCSI).
International developer VA Group has announced that it has secured long-term land rights in Oman’s historic Muttrah waterfront, to develop an 18.5-hectare mixed-use project, featuring a mix of residences, leisure and retail facilities within the Port Sultan Qaboos Waterfront Masterplan.
Oman's Asyad Shipping has announced that it has awarded $104 million contracts to South Korea's Hyundai Heavy Industries (HHI) for the construction of two new medium range product tankers. These vessels, which are part of Asyad Shipping’s fleet expansion strategy, will be delivered in 2029.
Oman has called for stronger integration and more effective cooperation among Gulf countries to boost the region’s competitiveness and establish the GCC as a leading global tourism destination.
Oman’s Wilayat of Al Jabal Al Akhdar in A’Dakhiliyah Governorate has been selected as the GCC Tourism Capital for 2027, highlighting the mountain destination’s natural beauty, cultural heritage and growing tourism potential.
Saudia will add Muscat, Oman’s capital, to its seasonal destination network from October 27, with three weekly flights from Riyadh. The new route supports Saudia’s strategy to expand international connectivity and meet growing travel demand.
Asyad Shipping and Vale have marked a milestone in sustainable shipping with Sohar Max, the first wind-assisted Valemax vessel, making its inaugural call in Oman to deliver iron ore to Vale’s Sohar operations.
Oman’s low-cost carrier SalamAir has launched its first direct flight between Muscat and Sylhet, Bangladesh, becoming the first foreign airline to operate scheduled services to the city.
Sohar International and National Bank of Oman (NBO) have agreed a $720 million syndicated refinancing facility for Phoenix Power Company SAOG (PPC), following the 15-year extension of its Power Purchase Agreement (PPA) with Oman Power and Water Procurement Company (OPWP).
Oman’s total oil production rose 11.3 per cent by the end of July 2026 to 233.8 million barrels, up from 210.1 million barrels during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI).
