Skip to content Skip to Search
Skip navigation

Oman signs 9-year LNG supply deal with BP

By Pramod Kumar
Starting in 2026, Oman will deliver one million tonnes of LNG per annum to BP for nine years Oman News Agency
Sefe is the first German company to purchase Omani LNG

State-owned Oman LNG has signed an agreement to deliver one million metric tonnes per annum of LNG to British oil and gas major BP.

Starting in 2026, the LNG will be delivered to BP for nine years, the state-run Oman News Agency reported.

Hamed Al Naamany, CEO of Oman LNG, said that the expected revenues will support the national economy and energy transition.

BP has been in Oman since 2007 and is a major investor within the country.

The London-based company operates Block 61 and holds a 40 percent interest. Makarim Gas Development Limited ‎‎(OQ) has a 30 percent stake, Thailand’s PTTEP (20 percent) and PC Oman Ventures Limited, a wholly owned subsidiary of Petronas, ‎owns 10 percent.

Gas from Block 61 is allocated for domestic consumption via Oman’s national gas grid and boosts feedstock supply availability for Oman LNG.

Oman LNG in October signed agreements to extend supplies to shareholders, including Shell and TotalEnergies, for up to 10 years beyond 2024, Oman News Agency reported.

Latest articles

PIF's Starbucks shareholdings were cut almost by half from 6.3 million shares to 3.8 million

PIF slashes Starbucks stake as it cuts US stocks by $15bn

Saudi Arabia’s Public Investment Fund (PIF) has slashed its US equity holdings by 42 percent to $20.6 billion, including its stake in Starbucks, the global coffee chain that has suffered calls for a boycott as a result of the Gaza conflict. The latest US government data highlights funding challenges facing the Saudi giga-projects.  The filing […]

Tunisia olives

Soaring olive oil exports help Tunisia balance books

Tunisia’s soaring olive oil exports have almost doubled to close to $1 billion in just five months, helping it claw back its current account deficit.   However the increased revenues merely “paint over the cracks” and the country is still probably heading towards a sovereign default, according to an economic expert. Tunisia’s current account deficit narrowed […]

Saudi aluminium producer Talco is offering 12 million shares

Aluminium producer Talco announces Saudi IPO

Aluminium producer Al Taiseer Group Talco Industrial Company (Talco) is the latest entity to reveal initial public offering (IPO) plans in Saudi Arabia. The Riyadh-based company, which was set up in 2009, is offering 12 million shares, a 30 percent stake, on the Saudi Exchange (Tadawul) at a nominal value of SAR10 ($2.67) per share. […]

One of the four restaurants in the Palazzo Versace Dubai hotel, which is listed on the Emirates Auction website

Palazzo Versace hotel sale aims to ride Dubai tourism wave

Owners of Dubai’s ultra-luxurious Palazzo Versace hotel are looking to capitalise on the emirate’s tourism boom before it peaks, offering it for sale at nearly AED1.4 billion ($380 million). A source familiar with the asset told AGBI the hotel is being “readvertised” as it has not found a buyer willing to meet its price tag […]