Iran, Oman to Cooperate on Strait of Hormuz Management
Iran has announced that it is moving forward with plans to coordinate with Oman on the administration of the Strait of Hormuz, one of the world’s most important oil transit routes.
Iran has announced that it is moving forward with plans to coordinate with Oman on the administration of the Strait of Hormuz, one of the world’s most important oil transit routes.
The Egyptian Engineering for the Petroleum and Process Industries (ENPPI) has been awarded the Badr–North East Birba Integrated Project in the Sultanate of Oman by Petroleum Development Oman (PDO), with a total contract value of $355 million, marking the company’s first project in the Omani market.
On the sidelines of the Future Minerals Forum (FMF) in Saudi Arabia, Minister of Petroleum and Mineral Resources, Karim Badawi, met with Mohsin Al-Hadhrami, Undersecretary of Oman’s Ministry of Energy and Minerals and Chairman of Petroleum Development Oman (PDO), to expand bilateral cooperation in the petroleum, natural gas, and mining sectors.
PETROJET secures $273M contract for 193-kilometer natural gas pipeline in Oman as Egyptian energy firms expand cooperation on hydrogen and renewables. The contract was announced during a meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and Mansoor Ali Al-Abdali, Managing Director of OQ Gas Networks (OQGN), reinforcing growing cooperation on natural gas infrastructure projects between Egyptian and Omani partners.
On the sidelines of the Oman Green Hydrogen Summit 2025, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings aimed at strengthening the presence of Egyptian petroleum companies in Oman and expanding bilateral cooperation in green energy and major infrastructure projects.
Badawi Holds Meetings in Oman to Expand Green Energy, Infrastructure Cooperation
Iraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation.
Oxy Oman, wholly owned subsidiary of US Occidental Petroleum (Oxy), secured a 15-year extension of its Exploration and Production Sharing Agreement (EPSA) for the onshore Block 53 in south-central Oman, where it operates Mukhaizna Field, the largest producing oil field in the country. The extended period of the agreement involves drilling activities and applying enhanced oil recovery projects across various reservoirs with the aim of increasing the total estimated recoverable of oil by 800 million barrels (mmbbls). The agreement also entails the utilization of artificial intelligence (AI) to optimize steam flood patterns to boost hydrocarbon recovery.
Oman is not planning to sell interests in natural gas fields, noted a statement issued by the Omani Ministry of Energy.
The statement quoted Saleh Al Anboori, Director General of Exploration and Production of Oil & Gas, Omani Ministry of Energy and Minerals, as denying the circulating rumours about Oman's mulling selling natural gas assets valued at $8 billion to boost the state finances and investments. The rumours are based on a Bloomberg report on Friday.
TotalEnergies, the world’s third-largest LNG player, and OQ Exploration and Production (OQOP), Oman’s national oil company, celebrated the groundbreaking of the Marsa LNG plant in the port of Sohar, in the northern part of the Sultanate.