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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq A-Awsat

Oman to Offer Offshore Oil, Gas Concessions this Year

Oil Oman Gulf nickel
General view of old Muscat in Muscat, Oman, January 12, 2020. REUTERS/Christopher Pike/File Photo

Oman is in the preparation process to offer a new batch of oil and gas concession areas by the end of the first quarter of 2023, the energy ministry said in a tweet on Thursday.

While the first batch will target onshore blocks, the Gulf-state will also offer offshore oil and gas blocks by the end of the second quarter of 2023, the ministry added.

Earlier the ministry said in another tweet that Oman signed a mineral exploration deal with UK's Knights Bay to extract nickel.

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