According to a UK delegation, various investment opportunities have been identified in Oman’s energy sector for British companies, The Times of Oman has reported.
Terry Willis, the regional director of the Energy Industries Council (EIC) for Middle East, Russia, and Africa, brought a delegation of 11 companies to Oman from September 15 to 17.
Asked about the purpose of the delegation, he said that it was meant to provide an exposure to UK companies, show them the opportunities to do business and thus expand UK-Oman trade.
According to the British Embassy in Muscat, UK exports to Oman in 2013 were £555 million and UK imports from the sultanate stood at £115m.
The value of UK exports between January 2014 and May 2014 were £167m while imports totalled £143m.
Exports from UK to Oman have doubled over the last six years.
During their stay, the delegation held talks with Petroleum Development Oman (PDO), Occidental, Ministry of Oil and Gas, Oman Society for Petroleum Services (OPAL) and a number of local contractors in this sector.