logo
Hatta, Sohar Port main gateway for goods in Oman

Hatta, Sohar Port main gateway for goods in Oman

Observer28-04-2025
Muscat: The Hatta Land Port connecting the UAE and the Sultanate of Oman, and the Port of Sohar are the main gateways for the entry of goods and cargo to the Sultanate of Oman.
The value of imports through Hatta Land Port in the fourth quarter of 2024 was 524 million, accounting for 52 percent of the total value of imports through land ports.
The value of imports through Sohar Port during the same period was RO2,089 million, contributing to 70 percent of the total value of imports through seaports.
It may be noted that major non-oil Omani exports are received by the UAE, Saudi Arabia, India, South Korea, and the United States, while major countries for re-exports are the UAE, Iran, China, and the United States.
The non-Omani imports are mostly from the UAE, China, Kuwait, India, and Saudi Arabia.
The Sultanate of Oman shares a direct land border only with Saudi Arabia and the UAE.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil price structure narrows, premiums fall as supplies rise
Oil price structure narrows, premiums fall as supplies rise

Observer

time20 hours ago

  • Observer

Oil price structure narrows, premiums fall as supplies rise

LONDON: Premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, just as peak summer demand ends, traders and analysts said on Thursday. Easing concerns that the US could impose more sanctions on Russia and further disrupt oil supplies are also weighing on oil prices, they said. The six-month time spreads for Brent futures, US West Texas Intermediate futures and Middle East marker Dubai have narrowed by more than $1 a barrel in backwardation since the start of the month. Backwardation refers to a market structure where prompt prices are higher than those in future months, indicating tight supply. A narrowing of the structure indicates a market view that supplies are expected to rise. "Brent and Dubai time spreads are softening mainly on expectations of incremental OPEC+ supply from September and easing fears of Russian disruption after recent steady flows via both Baltic and Black Sea," said Shohruh Zukhritdinov, a Dubai-based oil trader. "US crude supply remains stable, but refinery runs will gradually decline into the shoulder season, easing prompt tightness," he said. US President Donald Trump and Russian President Vladimir Putin will meet in Alaska on Friday to strike a ceasefire deal in Ukraine. Citi analysts said Brent could land in the low-$60s per barrel area, if there is progress towards a US-Russia deal. RISING SUPPLY, END OF SUMMER Traders are bracing for more supplies after the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed to increase September output, just as non-OPEC producers such as Guyana, Brazil and Norway launched new production. Peak oil demand during the Northern Hemisphere summer is also ending, cooling red-hot diesel margins in Europe and reducing the burning of crude for power in Saudi Arabia, the sources said. "We saw a lot of selling in the window, with expectation around crude demand revised down as refinery margins weaken as gasoil/diesel cracks unravel," said Harry Tchilinguirian, group head of research at Onyx Capital Group, referring to physical trade in the North Sea market. Danish wind farm developer Orsted said on Monday it plans a $9.4 billion rights issue citing adverse development in the US offshore wind market. "Now that seasonal demand is going to unwind, and we cannot be sure that China will keep up elevated imports (for stockpiling), so where does the extra Saudi barrels go?" Meanwhile, spot premiums for Middle East benchmarks Dubai and Oman hovered at their lowest in more than a month for October-loading supply. Still, Dubai is relatively stronger than Brent, keeping the price spread between the benchmarks - known as the Exchange of Futures for Swaps - narrow and allowing Atlantic Basin supply to head to Asia. Asian refiners have already snapped up millions of barrels of oil from the United States, Africa and Europe for delivery in September and October. Neil Crosby, analyst at Sparta Commodities, said there is still uncertainty over Russian supply with the world's third-largest oil importer India buying spot cargoes to replace Russian oil in recent weeks. "Some (Russian) Urals will go to China but the story is not over yet and there is still some tail risk over what happens to Russian (oil) that cannot clear which makes the EFS trade short term even trickier than normal," he said. — Reuters

Nama Water Services announces 800+ new jobs
Nama Water Services announces 800+ new jobs

Muscat Daily

timea day ago

  • Muscat Daily

Nama Water Services announces 800+ new jobs

Muscat – Nama Water Services has announced over 800 new job opportunities in the projects sector for support companies, including consultants and contractors implementing strategic projects across Oman's governorates. The announcement, made during a media briefing at the company's main water monitoring and control centre in Bousher, is part of efforts to enhance Omanisation by engaging national talent in technical and administrative fields such as project management, engineering, health and safety, and surveying. Valued at more than one billion Omani rials, these projects include expanding water transmission and distribution networks, constructing new water and sewage systems, and developing smart monitoring systems. CEO Qais bin Saud Al Zakwani said the initiative links employment directly to the needs of current water and sanitation projects, offering Omani youth opportunities to gain practical skills and experience. Eng. Abdullah bin Salem Al Rasbi, CEO of Development Projects, added that the new hires will bring real added value to the sector, ensuring knowledge transfer and sustainable performance.

An integrated destination for Khareef Dhofar Season
An integrated destination for Khareef Dhofar Season

Observer

time2 days ago

  • Observer

An integrated destination for Khareef Dhofar Season

SALALAH: Tourism and entertainment projects are a vital support for Khareef Dhofar Season, monsoon season, as they provide comprehensive destinations that meet the needs of visitors, boost economic and commercial activity; and open up broader horizons for investment and the employment of national talent. These destinations are particularly important during the Khareef Dhofar Season, as they serve as attractions for visitors from within and outside the Sultanate of Oman. They offer a mix of cultural, recreational and commercial experiences while also encouraging entrepreneurship; and supporting small and medium-sized enterprises (SMEs), which positively impacts the local economy and the sustainability of tourism. Samharam Resort is one such destination for the 2025 Khareef Dhofar Season. It provides integrated facilities and services that combine shopping, dining; and cultural and recreational activities, attracting visitors of all ages. Mohammed bin Ahmed al Hadri, a site supervisor at Samharam Resort, said the resort hosts a consumer exhibition organised by Al Awail Company for the Management and Organisation of International Exhibitions and Festivals. The exhibition features 150 to 160 shops from various Arab and foreign countries, with diverse pavilions to meet visitor needs. Additionally, a handicrafts section includes about 28 shops for SMEs and low-income individuals, supervised by the SME Development Authority (Riyada). He added that the outdoor area includes a variety of restaurants, cafes and games for both children and adults. There is also a stage that hosts children's competitions and artistic performances. He noted that the "Rifle" section features cafes, many of which are managed by Omani youth and enjoys a wide turnout from visitors. Musallam bin Abdulsalam Al Rawas, owner of Sar Events Company, stated that this is the first year the "Rifle" event is being held at the resort, marking its third consecutive year during Khareef Dhofar Season. He explained that the event includes a large selection of restaurants, a family and youth entertainment area and a stage with Omani and Gulf performances, in addition to hosting talented artists from Oman and other GCC countries. He added that the event offers various competitions for all ages and annually employs young Omanis who are job seekers and freelancers. He noted that the number of employees this year exceeded 45 young people, with a public turnout that reflects the event's success as a recreational destination during the Khareef season. Regarding visitor impressions, Sufyan bin Ghassan al Rashdi from Al Dakhiliyah Governorate said Samharam Resort is an outstanding tourist destination for families and visitors. The variety of modern facilities and events creates a joyful atmosphere that enhances the pleasure of the visit. He emphasised the importance of increasing public facilities in the future to accommodate the large turnout. Ahmed bin Ali al Saadi from Musandam Governorate explained that his recent visit to Khareef Dhofar Season introduced him to the notable development in tourist and recreational events, with a diversity of programmes and integrated services that make the tourist experience more exceptional. Meanwhile, Mohammad al Sai'ari, a tourist from the Kingdom of Saudi Arabia, pointed out that the events and activities at Samharam Resort are a unique addition to Khareef Dhofar Season, combining entertainment and education. He expressed his admiration for the consumer exhibition, which features various local products such as incense and perfumes, along with offers that provide visitors with a pleasant shopping experience in an organised and attractive atmosphere.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store