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25/09/2025 04:02 AST
Oman LNG on Wednesday signed a new sale and purchase agreement with OQ, the sultanate's global integrated energy group, under which OQ's Refineries and Petroleum Industries sector will be supplied with natural gas liquids (NGLs) for a period of four years, starting in 2026.
The agreement is part of efforts to strengthen the long-standing strategic partnership between the two companies in the energy and conversion industries sector. It also reflects their shared commitment to maximising the in-country value of Oman's hydrocarbon resources.
The agreement was signed by Hamed Mohammed al Nu'amani, CEO of Oman LNG, and Kamil Bakhit al Shanfari, CEO of the Refineries and Petroleum Industries sector at OQ, according to an Oman News Agency report.
Under the terms of the agreement, the supply of NGLs will continue from Oman LNG's complex in Qalhat to OQ's facilities in Sohar, where the liquids are used as key feedstock in the production of fuels, chemicals and plastics.
The agreement will support the growth of Oman's downstream sector and aligns with the objectives of Oman Vision 2040.
Muscat Daily
17/12/2025
Fitch Ratings has upgraded OQ Group's long-term issuer default rating (IDR) to 'BBB-' from 'BB+', with a stable outlook. The upgrade follows a similar action on Oman's sovereign rating on December 8,
Muscat Daily
17/11/2025
Oman's leading exploration and production company, OQ Exploration and Production (OQEP), has announced its financial results for the fiscal nine months ended September 30, 2025.
The company
Trade Arabia
04/11/2025
OQ Exploration and Production (OQEP) has announced the signing of a natural gas sales agreement (NGSA) with Integrated Gas Company (IGC) for Block 65. OQEP will also transport natural gas at Marsa LN
Times of Oman
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19/12/2025
In a move to consolidate its global network of destinations and provide diverse travel options to its valued customers, Kuwait Airways has announced the strengthening of its codeshare agreement with
Kuwait Times
19/12/2025
Ajman Bank has launched a digital extension to expand its bouquet of smart, customer-centric banking services.
The Digital Extension has been designed to provide customers with seamless acce
Khaleej Times
19/12/2025
Tecom Group PJSC, the creator of specialised business districts and communities in Dubai, has launched Phase 4 of Innovation Hub in Dubai Internet City to address rising demand for Grade-A office spa
Khaleej Times
19/12/2025
Acwa Power, the world's largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed a co-operation framework with the African Development B
Trade Arabia
19/12/2025
Saudia Cargo and the Saudi Export Development Authority inked a strategic memorandum of understanding, in a move set to accelerate the international reach of non-oil goods.
The agreement, si
Arab News
Financial Information Co.
Saudi Arabia