GULF COOPERATION COUNCIL

GCC Shelves Oil-Related Projects in Oman 

The six-member Gulf Cooperation Council (GCC) has postponed indefinitely plans to build a new export refinery and to expand port facilities in Oman, according to Mr. 'Abd-Allah al-Quwaiz, GCC Assistant Secretary-General, in an interview with the Bahraini weekly al-Adhawa. The GCC official said that preliminary studies for the 250,000 b/d joint refinery "showed it was feasible, but the collapse of the petroleum...