The Omani-Australian joint venture behind the development of a key copper-gold project in North Al Sharqiyah Governorate has announced a five-month delay in the scheduled completion of the venture to April 2023 from the original target date of around November 2022. Al Hadeetha Resources LLC (AHRL) cited logistical impacts stemming from the Russian-Ukraine war, among .
Finnish mining and metallurgical industries specialist Metso Outotec has announced that it has been awarded a contract for the supply of key machinery for a new iron ore pelletising project planned for development at Sohar Port and Freezone. The Helsinki-headquartered machinery manufacturer, which is also a leading global supplier of grate kiln-type pelletising plants, said .
The Oman crude for June delivery was traded for $102.55 on Wednesday, an increase of $3.32 from Tuesday’s $99. 23. For the previous two days, Oman crude had traded below $100 following Covid fears in China. The monthly average price of Omani crude oil for delivery in April was $91.96 a barrel, an increase of .
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The government at present has no intention to finance the establishment of new commercial ports due to the efficiency of current commercial ports in Salalah, Suhar and Duqm and the current trend is to augment the economic benefit of the existing ports. This was stated by Eng Said bin Hamoud al Maawali, Minister of Transport, .