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Minerals Development Oman (MDO), an affiliate of Oman Investment Authority (OIA), has established a strategic partnership with Synergies Casting Oman (SCO), which is set to start commercial operation of its alloy wheel manufacturing plant in Suhar Industrial Estate in Q1 2022. As part of the partnership, MDO is acquiring a 14.8 per cent stake in Synergies. ....
Muscat: Minerals Development Oman (MDO) has recently established a strategic partnership with Synergies Casting Oman “SCO” to acquire 14.8% of the Company's shares, that plans to operate an alloy wheel manufacturing plant in Suhar Industrial Estate, which expected to start commercial operation in Q1 2022.The RO 42 million project is expected to produce. ....
$7.5m oilfield pump factory opens in Suhar 1148898 SHARE Petroleum Development Oman (PDO) has been supplied with the first ‘Made in Oman’ electric submersible pump (ESP) system for its oil operations from a factory in Suhar. The $7.5 million Borets Seven Seas & Co LLC facility was officially opened on Sunday under the auspices of Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry. The facility will assemble and service ESPs which provide an efficient and reliable artificial-lift method for extracting moderate to high volumes of fluids from wellbores for use in oil and water wells. Borets Seven Seas contractors will also install, commission, test and maintain the equipment in the field. ....
The German firm Linde has signed a partnership pact with Moon Iron & Steel Company (MISCO) under which it will invest $26 million for the development of an oxygen production plant aimed at meeting the requirements of MISCO’s steel mill at Suhar. ....