tempered by its need to balance the budget deficit and absorb modest hydrocarbon prices. Major projects pipeline These include: • Duqm refinery: estimated project cost USD8 billion. • Khazzan gas field development: project cost USD16 billion. • 500 MW solar plant at Ibri: planned by the Oman Power and Water Procurement Company.
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WhatsApp: +86 18203695377· Number 1 English Newspaper in Oman. NEW SCHOOL YEAR BEGINS . As thousands of children returned to school on Sunday, the day was also marred by a tragic incident in which a tenthgrade school student died after she was run over by a vehicle on Al Noor Street in Al Maabela area in the Wilayat of Al a statement, her institution, Umm Waraqah Al .
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WhatsApp: +86 18203695377· As part of Oman's Vision 2040 and a plan to diversify the economy away from oil, His Majesty Sultan Haitham Bin Tarik approved tax incentives for companies, as part of an economic stimulus plan to enhance growth rates. As per the International Monetary Fund, Oman's economy suffered a % shrinkage in 2020 after being hit heavily by the COVID19 .
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WhatsApp: +86 18203695377· Omanbased Dhofar Steel has announced plans to establish a steel rolling mill in Sohar Industrial...
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WhatsApp: +86 18203695377The Ad Duqm refinery could be operational by 2022, and most of the plant's output will be exported. [16] According to the OOC, the cost of developing the refinery will be 6 billion–7 billion. Both Oman and Kuwait will provide crude oil feedstock. Exports Oman is an important oil exporter, particularly to Asian markets.
WhatsApp: +86 18203695377The sultan of the Sultanate of Oman is the monarchical head of state and head of government of Oman. It is the most powerful position in the country. The sultans of Oman are members of the Busaid dynasty, which has been the ruling family of Oman since the mid18th century. Haitham bin Tariq is the current sultan, reigning since 11 January 2020. List of imams (751–1406) .
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WhatsApp: +86 18203695377· The FY21 revenue forecast assumes a precautionary average oil price of 45 per barrel (cf. FY20 58 per barrel), which is below the actual realised oil price in FY20 was 48 per barrel.
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