NO. 7



Oman will Restrain Output for the Next Five Years

A spokesman of the Omani Ministry of Petroleum and Minerals Resourcesconfirmed on 19 November a report published in the Oman Daily Observer thatnon-OPEC Oman will restrain its crude oil production at around 565,000 b/d forthe next five years to help OPEC stabilize world oil prices.

The report quoted the Omani Minister of Petroleum and Mineral Resources, Mr.Ahmad ibn Sa'id al-Shanfari, as saying that Oman was...