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Oman: Danube Building Materials, a leader in construction, building materials and shop fitting industries, has announced the opening of their 4th new showroom in Muscat, Oman, as part of its continuing move to create stronger market presence and help address the demands of the country's emerging property market.
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Oman: Harvest Natural Resources, Inc. announced that the Al Ghubar North-1 (AGN-1) exploration well onshore Oman has reached a total depth (TD) of 10,482 feet. Interpretation of the mudlog and wireline logs indicates no apparent hydrocarbon saturations within the principal stacked Haima targets in the Barik, Miqrat and Amin reservoirs; however, gas shows and residual hydrocarbons indicate that the structure was charged and failure is attributed to seal effectiveness.
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Oman: Three new Omantel products were launched at two one-day interactive workshops at the Grand Hyatt Hotel's Al Afrah Ballroom. Hosted by leading digital marketing experts, Infocomm, the workshops were attended by a select group of guests from Oman's leading companies.
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Oman: Dhofar Automotive, the exclusive distributor for Ram, Dodge, Chrysler and Jeep in Oman, is introducing the new best-in-class 2012 Chrysler 300C at the Muscat Festival that features a state of the art eight speed automatic transmission on the V6 variant.
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Oman: Oman Oil Co, the Sultanate's state-owned investment arm, and China's State Grid Corp have agreed to buy a 40% stake in Portugal's power and gas grid operator Redes Energeticas Nacionais (REN) for a combined $779m investment, Times of Oman has reported. State Grid Corp will buy a 25% stake for $509.09m and Oman Oil Co will buy another 15% for $269.67m, said Portuguese secretary of state for treasury Maria Luis Albuquerque.
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