AGP Executive Report
Last update: 8 hours agoOman–India Trade & Ports: With the Oman–India CEPA in force from June 1, Oman’s Sohar, Salalah and Duqm ports are being positioned as gateways for Indian exporters and investors into West Asia, North Africa and East Africa, supported by nearby free zones and fast sea links. Mina Al Fahal Update: PDO moved to calm markets after reports of an explosion near the Mina Al Fahal export terminal, saying operations were proceeding normally and crude loading was not broadly disrupted. Hormuz Security & Oil Impact: US forces reported shooting down four Iranian drones aimed at the Strait of Hormuz and striking coastal radar sites, while Iran-linked tensions continued to rattle shipping and energy prices. US Sanctions on LPG Smuggling: The US Treasury’s OFAC sanctioned a network accused of disguising Iranian-origin LPG as Omani fuel and shipping it to South and East Asia, citing front firms, shadow fleet activity and shadow banking links. Marsa LNG Solar Plan: Oman is preparing a solar independent power project for the Marsa LNG bunkering development at Sohar, with consultancy bids due July 26 and an expected start around 2028.
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