May 18, 2025

Oman Extends Oil Exploration, Production with US Oxy Until 2050

Muscat: Oman’s Ministry of Energy and Minerals (MEM) announced Sunday the signing of an agreement to extend the concession for Block 53 with the US-based Occidental Petroleum Corporation (Oxy), in the Mukhaizna oil field, alongside its partners.

Acc…

Saudi Stock Index Closes Lower

Riyadh: The main Saudi stock index closed Thursday down 138.89 points, reaching 10,709.04 points, with trading valued at SAR 6.5 billion. The volume of shares traded reached 271 million shares, with 102 companies recording gains and 154 companies reco…