OMAN

Oman Will Endeavor to Hold Down Production at 500,000 b/d during Next Five Years 

The Omani Minister of Petroleum and Mineral Resources, Mr. Sa'id Ahmad al-Shanfari, stated in an interview with AP and four other news agencies on 7 November that Oman would try to hold down its crude oil production at the current level of 500,000 b/d for the next five years in an effort to cooperate with OPEC plans to prevent a further glut on oil markets. However, Mr. Shanfari warned that Oman...