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Glasspoint is a Shell-funded solar enhanced-oil-recovery startup in Oman

Oman liquidates cutting edge EOR technology during oil price slump

Oman’s decision to liquidate GlassPoint Solar company comes after the sharp fall in oil and gas prices caused by the global economic slowdown in the wake of the coronavirus pandemic, Oman news agency said, citing a statement from State General Reserve Fund.

Oman owns 31% of shares in GlassPoint Solar.

Source: Reuters

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