Page 2 - Oman

Gurgaon-based ACME to set up green hydrogen, ammonia facility in Oman SEZ

The facility would be set up with an initial investment of $2.5 billion

BPCL to buy out Oman Oil's 36.62% stake in Bina refinery for Rs 2,400 cr

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buyout Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore. BPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh. In a stock exchange filing, BPCL said it has "finalised commercial terms in connection with the purchase of the 88.86 crore equity shares of Bharat Oman Refineries Limited (BORL), constituting 36.62 per cent of the equity share capital from OQ S.A.0.C. (formerly known as Oman Oil Company S.A.0.C.) for a consideration of approx Rs 2,399.26 crore". The transaction, it said, is subject to the execution of the relevant transaction documentation and other conditions agreed upon among the parties. "Upon completion, BPCL will hold 100 per cent of the equity share capital in BORL," it said. On Tuesday, BPCL Director (Finance) N Vijayagopal had said that discussion

India sending Covid-19 vaccines testimony of bonds of friendship, says Oman

Oman on Monday thanked India for sending coronavirus vaccines and said that the initiative is a "testimony of the bonds of friendship and cooperation between our governments and peoples"

Gulf travel ban imposed for 7-8 days, to hit Indian and West Asian airlines

While India has suspended all flights from UK till December 31, the three West Asian states have stopped air travel from countries around the world for next 7-9 days

BPCL to consider buying 36.62% Oman firm stake in Bharat Oman Refineries

Proposes to merger Bharat Gas Resources with itself

Cash-strapped Oman to break Gulf's income tax taboo to curb deficit

To levy income tax on high earners starting 2022

Oman to impose value-added tax amid coronavirus, oil price collapse

Oman''s state-run news agency reported the 5 per cent tax "will be applied to most goods and services at each stage of the supply chain."

Over 300,000 workers returned to India under Vande Bharat Mission: Govt

The minister also gave a break up of the workers who returned from various countries with the maximum of them returning from Gulf Cooperation Council (GCC) nations

Govt declares state mourning on Monday over demise of Oman Sultan

Oman Sultan Qaboos bin Said Al Said passed away on January 10 at the age of 79

Oman's Sultan Qaboos dies; ruling family called upon to choose successor

Sultan Qaboos bin Said had no children and had not publicly appointed a successor.

Six workers, believed to be Indians, killed at Oman construction site

The embassy said that they are in close contact with the Omani officials to ascertain the full facts of the incident and confirm the identities of the victims

Oman to cut oil production by 2% from Jan, initially for 6 months

OPEC and its Russia-led allies agreed last week to slash oil production

Oman: Switzerland of the Gulf feels the strain of a troubled region

The key to Oman's independence has been its ability to fend for itself financially