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03/12/2025 05:32 AST
OQ Gas Networks (OQGN), the sole operator of Oman's natural gas transportation network, has signed an agreement to acquire a gas transportation pipeline in Block 61, which hosts the Khazzan and Ghazeer gas fields, for nearly RO40mn.
The company signed an Asset Transfer Agreement with the Ministry of Energy and Minerals and the Ministry of Finance to acquire the 36-inch gas transportation pipeline of Block 61 (Ghazeer Phase-2) for RO39.991mn, OQGN said in a disclosure submitted to the Muscat Stock Exchange on Tuesday.
The new pipeline will be added to OQGN's Regulated Asset Base (RAB), the company said.
'This acquisition will add 65 kilometres to OQGN's gas network. It will strengthen the consolidation of national gas transportation assets and support the company's strategic ambition to lead the development of energy infrastructure in the sultanate,' the company added.
OQGN holds a natural monopoly over critical gas transportation infrastructure in Oman as the exclusive owner and operator of the natural gas transmission network (NGTN). The company aims to champion the management and development of the NGTN through innovative and sustainable solutions.
OQGN currently manages more than 4,000km of pipeline infrastructure across Oman, supplying gas to a wide range of industries, including power generation, water desalination, cement and aluminium production, fertiliser manufacturing, and petrochemical plants.
Muscat Daily
04/08/2025
Integrated Gas Company (IGC), the state-owned entity overseeing Oman's entire gas supply chain, has announced its approval for the implementation of a major new gas pipeline project to meet the grow
Muscat Daily
23/06/2025
The World Bank's 2024 Gulf Economic Update report highlighted that the Sultanate of Oman has achieved significant positive fiscal and economic results despite regional and global challenges.
Times of Oman
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23/01/2026
As part of its commitment to actively taking part in raising awareness and promoting financial inclusion and culture among all society segments, National Bank of Kuwait continues to support the banki
Kuwait Times
23/01/2026
AlRayan Bank released yesterday its consolidated financial statements for the year ended December 31, 2025 with net profit attributable to the equity holders of the bank of QR1,530m.
The res
The Peninsula
23/01/2026
Oman Agriculture Development Company today opened Nizwa Dates Industrial Complex. This strategic project serves as an example of investments that generate direct economic value and social impact and
Times of Oman
23/01/2026
Global oil ?glut predictions are seriously exaggerated ?as demand growth ?remains strong and global oil stocks are ?depleted, Amin Nasser, chief executive ?of Aramco, the world's biggest ?oil produce
Reuters
23/01/2026
Kuwait Airways said on Thursday it will launch 11 new destinations for its summer 2026 season, including Alexandria, Zurich, Mykonos, Malaga, Sharm El Sheikh, Salalah, Antalya, Trabzon, Sarajevo, Vie
Gulfnews
Financial Information Co.
Saudi Arabia