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FINANCIAL NEWS
Oman to use solar power to extract more oil
22 May 2013
(MENAFN) Petroleum Development Oman (PDO) announced that it has started a solar enhanced oil recovery (EOR) project, in collaboration with US GlassPoint Solar, reported Arabian Business.
The project, the first of its kind in the Middle East, opened in 2010 and is aimed at extracting more oil from low-pressure reservoirs.
Since its launch, the project has used several new techniques to enhance output, and is now using sun’s energy rather than scarce natural gas to generate an average of 50 tons on daily basis of steam, which is fed into the company’s Amal West EOR field.
It is worth noting that EOR projects make up a considerable volume of natural gas use in Oman, which has to buy gas to meet growing industrial demand.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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