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FINANCIAL NEWS
Omani PDO secures USD650m crucial deals
17 Nov 2015
(MENAFN) By closing six major agreements worth USD650 million throughout the next decade, the Petroleum Development Oman (PDO) has massively increased and improved Omani job and training opportunities.
The contracts were inked with international engineering companies Siemens LLC, GE International LLC and Omani firm OHI Petroleum & Energy Services LLC, to supply, install and maintain 29 centrifugal compressors.
Additionally, the signings took place at the third edition of the Business Opportunities Forum which aims to create a platform for companies and institutions to expand business, plus present investment chances from big firms.
“Despite the current difficult oil price environment, these signings show that we are committed to staying the course and making significant investments which will directly increase Omani jobs,” said PDO Managing Director.
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05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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