NO. 29



Oman Ready to Lower Production to Help Stabilize Market Prices

The Omani Minister of Petroleum and Minerals, Mr. Sa'id bin Ahmad al-Shanfari,stated on 15 April that Oman is "always ready to reduce oil production, ifthere is a need to do so, to stabilize oil markets and prices." However,the Minister in his statement to Reuters confirmed that Oman's crude oilproduction at present stands at 650,000 b/d and is to be increased by the end ofthe year to 700,000 b/d (...