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OOMCO awards nine Omani SMEs contracts worth $4 million

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Oman Oil Marketing Company (OOMCO) has signed agreements with nine Omani small and medium enterprises (SMEs), awarding contracts worth OMR 1.45 million (approximately $3.8 million) across multiple sectors, including logistics, technology, infrastructure, and retail.

The agreements, with durations ranging from one to five years, reaffirm OOMCO’s commitment to supporting local businesses, enhancing In-Country Value (ICV), and contributing to Oman Vision 2040.

The signing ceremony took place at OOMCO’s headquarters on February 18, 2025, bringing together representatives from the awarded SMEs. [Read more…] about OOMCO awards nine Omani SMEs contracts worth $4 million

Oman Oil Marketing Company and TFG Marine establish bunker fuel supply joint venture

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Oman Oil Marketing Company (OOMCO) and TFG Marine, the leading international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, have established a bunker fuel joint venture to supply vessels visiting Oman’s ports of Duqm, Muscat and Sohar.

TFG-OOMCO, incorporated in Oman, will combine the local knowledge of OOMCO with the international footprint, sourcing of all grades of marine fuels, infrastructure and logistics capability of TFG Marine, to offer customers a reliable and transparent bunkering provider in the Arabian Gulf.

Tarik Al Junaidi, CEO of OOMCO, says: “This partnership aligns with Oman Oil Marketing Company’s efforts to develop the maritime transport and shipping infrastructure in Oman, which is in alignment with the objectives Oman Vision 2040. [Read more…] about Oman Oil Marketing Company and TFG Marine establish bunker fuel supply joint venture

Honeywell and Odys Aviation partner to develop autonomous aircraft operations in Oman and Pacific

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Honeywell and Odys Aviation, a developer of advanced hybrid Vertical Take-Off and Landing (VTOL) aircraft, have signed a memorandum of understanding to collaborate on the design of new Ground Control Stations to support the rollout of Odys Aviation’s hybrid VTOL aircraft in the Middle East and Pacific.

Under the terms of the MOU, Honeywell will provide a Ground Control Station for uncrewed aerial system (UAS) operations, supporting operations of Odys Aviation’s uncrewed air vehicle (UAV), Laila. Pilot programs using Laila and the new Ground Control Station are expected to kick off in 2025.

Laila is designed in multiple configurations to deliver cargo. With a 230-mile range it is an ideal aircraft to support pipeline inspections, leak detection, geological surveys, maritime operations and logistics services, including the delivery of time-critical goods. [Read more…] about Honeywell and Odys Aviation partner to develop autonomous aircraft operations in Oman and Pacific

Oman fisheries industry wraps up ‘triumphant’ exhibition in China

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Fisheries Development Oman (FDO) and its subsidiary companies have wrapped up a “triumphant exhibition” at the prestigious 26th China Fisheries & Seafood Expo, held from October 25th to 27th, 2023, at the Hongdao International Convention and Exhibition Center (HICEC) in Qingdao, China.

The event garnered remarkable attention and left attendees enthralled by the extensive array of offerings and compelling investment prospects within Oman’s thriving fisheries sector.

FDO’s presentation of products adhering to international standards solidified its pivotal role in the global fisheries industry. [Read more…] about Oman fisheries industry wraps up ‘triumphant’ exhibition in China

Oman establishes innovation center for Liquid Robotics’ autonomous vessel

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The oil-rich Gulf Arab state of Oman has established an innovation center built around the Wave Glider, a small, solar-powered autonomous sea-going vessel mainly used for research developed by Liquid Robotics, a Boeing company. 

The Research Council of Oman says its Wave Glider Hub at Innovation Park Muscat is the first of its kind in the region, and is designed to serve as a center of excellence for Wave Glider operations.

It adds that the facility is tooled with necessary equipment to support maintenance, training and piloting of Wave Glider fleets, both in Oman and within the region. [Read more…] about Oman establishes innovation center for Liquid Robotics’ autonomous vessel