VOL. XXXV

NO. 32

11-MAY-1992

Oman

Oman Signs Joint Venture Agreement for Giant LNG Project

The Omani Minister of Petroleum and Minerals, Mr. Sa'id Ahmad al-Shanfari,signed on 6 May a joint venture agreement for the establishment of a giant LNGproject at an estimated cost of $9bn. A cooperation protocol for the project,which envisages the production from Oman's gas reserves of around 5mn tons/yearof LNG for export, was signed with the Royal Dutch/Shell Group last February (MEES,17 February).

Under...