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Oman launches EPC tender for Ras Markaz oil park expansion

ProcIntel Risk Index (PRI) PRI indicates how much procurement risk attention a canonical event warrants, based on its potential impact, corroboration, linked-entity criticality, geographic or regulatory exposure, and confidence in the available evidence. — 5 · Minimal Freshness: Ageing Shows how recently the evidence supporting the event was updated. Freshness is displayed separately and does not automatically reduce PRI. Shows whether all structured inputs needed for the PRI are sufficiently assessed. Incomplete Entity Criticality data is disclosed rather than silently treated as low risk. DATA QUALITY WARNING

PRI: 5 — MINIMAL Base risk 21/100 × Low confidence multiplier (0.45) × impact-direction multiplier (0.50). Highest contributor: Significance 40/100, normalised to this factor's 40-point cap (+16 of 40). Limiting factor: Linked-entity criticality 0/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (30 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.

Confidence multiplier Confidence limits the final PRI when evidence is uncertain. A severe but weakly supported claim cannot reach the highest PRI bands.: 0.45 (Low) · Calculated 2026-08-01 12:59:38 (vv1).

Full contribution breakdown
  • Procurement Impact: 16 / 40 — Significance 40/100, normalised to this factor's 40-point cap
  • Corroboration: 5 / 15 — A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty)
  • Entity Criticality: 0 / 30 — Linked-entity criticality 0/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient
  • Geographic Regulatory: 0 / 15 — 0 distinct content-linked geography/geographies
Event type
Major contract award
UUID
28fa5c80-4ffe-41c7-b3b7-c8f5614aa476
Editorial review status
Pending (ProcIntel's own review of this record)
Event lifecycle
Active (the real-world state of the situation — a separate concept from review status above)
Significance
3 · Material
  • This type of disruption is typically contained/limited for procurement.
  • No specific geography identified yet.
  • Linked to 2 tracked entities.
  • Assessed time horizon: Short-term.
Confidence
2 · Low (distinct from each article link's own extraction confidence below)
  • Reported only by secondary sources so far — no primary/official confirmation yet.
  • Reported by a single source so far — not yet independently corroborated.
  • Some key facts (e.g. exact date) are still missing or unconfirmed.
  • Evidence was last updated within the last month.
Impact direction
Positive (provisional default — not yet reviewed)
Occurred at
Not yet established (no explicit date was tightly bound to the matched event text)
Record type
REAL

Source Facts

MUSCAT: Oman has launched the engineering, procurement and construction (EPC) tender process for the next phase of development of the Ras Markaz Crude Oil Park, inviting qualified...

Linked Signals

PublishedHeadlineSourceMatched textExtraction confidenceMethod
2026-07-29 10:24:52 Oman launches EPC tender for Ras Markaz oil park expansion Oman Observer - Business epc tender 95.0 high precision phrase

Linked Entities

EntityTypeLink methodConfidenceSource article
Crude Oil Commodity reused entity extraction 75.0 article
Oman Country reused entity extraction 95.0 article

Spend Categories

No spend categories linked yet

Spend categories are linked by a reviewer, not assigned automatically.

Review History

DateActionPreviousNewReviewerNote
2026-08-01 06:42:45 Created — Major contract award: 'Oman launches EPC tender for Ras Markaz oil park expansion' (lifecycle=Active) Deterministic v1 extractor —
2026-08-01 06:42:45 Article Linked — source_item #479 — —
2026-08-01 06:42:45 Significance Changed None 3 — —
2026-08-01 06:42:45 Confidence Changed None 2 — —
2026-08-01 12:59:38 Pri Recalculated score=None, band=None score=5, band='Minimal' Stage 9.6 production backfill PRI: 5 — MINIMAL Base risk 21/100 × Low confidence multiplier (0.45) × impact-direction multiplier (0.50). Highest contributor: Significance 40/100, normalised to this factor's 40-point cap (+16 of 40). Limiting factor: Linked-entity criticality 0/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (30 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.