OMAN GROK Daily News – Excerpts from International Media Reports
[Links to full articles were active on the date posted here]
Oman Shipping Report Q3 2010 – New Market Report Published [May 27]
“The government of Oman and Port of Antwerp International (PAI), a subsidiary of Belgian Antwerp Port Authority (APA), in late March signed an agreement to set up a joint company to manage the planned Omani port of Duqm. The JV will see both partners hold a 50% stake in new company Port of Al Duqm, which will manage the port. We note a trend in the developing Omani port sector of calling upon the expertise of well-established European ports to help in the development of the Sultanate’s ports..” [Complete Report]
Dubai August Oil Discount Widens to 25 Cents Off Oman [May 27]
“Dubai oil, a Persian Gulf benchmark for Asia, will sell at a wider discount to Omani crude futures in August as the commodity slipped almost 15 percent on global markets this month. The official selling price for Dubai crude loading in August will be set at a discount of 25 cents to the Oman futures contract for that month, according to an e-mailed statement from the emirate’s Department of Petroleum Affairs today. The Oman futures contract is the only product traded on the Dubai Mercantile Exchange, which released the differential provided by the Department of Petroleum Affairs. The discount to Omani crude widened from 15 cents for July. Dubai crude sold at 40 cents less than Oman for May and June..” [Complete Report]
