BP plc BP is in early talks to divest around 10% interest in Oman’s Khazzan natural gas field for more than $1 billion, per Bloomberg. This divestment will likely help the company to reduce its debt …
COVID-19: Oman reports 770 new cases, 5 deaths
Oman has confirmed 770 new cases of the novel coronavirus, raising to 15,086 the country’s overall infections, the Omani news agency ONA reported Friday. The newly diagnosed cases include 343 Omanis …
Oman creates institution to manage investments
From the Newsroom São Paulo – The Oman Investment Institution was established this Thursday (4) by sultan Haitham Bin Tarik (pictured), Oman News Agency ( ONA ) reported. The new entity will manage …
Oman Shifts Wealth Funds Into New Entity With $17 Billion Assets
Oman will combine its two wealth funds into one entity, which will hold assets valued at about $17 billion. The Oman Investment Authority will manage all assets and liabilities of the State General …
Oman to set up investment authority to manage state assets
Oman is setting up the Oman Investment Authority to own and manage most of the country’s sovereign wealth fund and finance ministry assets, state TV reported on Thursday, citing a decree from the …
Oman to set up an investment authority to manage government assets – state TV
Oman’s government is setting up the Oman Investment Authority to own and manage most sovereign wealth fund and finance ministry assets, state TV reported on Thursday, citing a decree from the …
Oman Builds $17 Billion Sovereign Wealth Fund
Oman will combine its two wealth funds into one entity, which will hold assets valued at about $17 billion. The Oman Investment Authority will manage all assets and liabilities of the State General …
BP seeking to sell $1B stake in giant Oman gas project – Bloomberg
BP (BP -1.5%) is in early talks to sell a ~10% stake in Oman’s Khazzan natural gas field, as part of its plans to cut debt, Bloomberg reports.The stake likely would fetch more than $1B and is attracti …
BP Discusses Sale of More Than $1 Billion Stake in Giant Oman Gas Project
BP Plc is in early-stage discussions to sell about a 10% stake in a key gas field in Oman as part of the energy giant’s plans to cut debt, according to people familiar with the matter.
Oman confirms 778 new coronavirus cases
Muscat: The Ministry of Health has registered 778 new coronavirus cases in Oman on Thursday. Among those, 513 new cases were of expats and 265 of Omanis. The total cases in the country has now touched …