Oil and gas
This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources
The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates
Brent oil futures for September delivery recorded $85.10 per barrel
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
His Highness met with heads of global energy companies to discuss the future of the sector
Agreements include a deal to search for and exploit gas and crude oil in the North Port Fouad offshore area in the Mediterranean
Brent crude futures rose 0.2 percent to $84.84 per barrel
Brent oil futures for September delivery hovered around $85.72 per barrel
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
