Middle East Economic Survey


No 22



PetroTel Wins E&P License For Omans Block 17

US firm PetroTel Inc and the Omani Oil and Gas Ministry on 23 May signed an exploration and production sharing agreement for Block 17 in Omans Musandam region. Omans Under-Secretary for Oil and Gas at the ministry, Nasir al-Jashmi said that Block 17 was a newly created tract lying partly onshore and partly offshore: We hope this block has both oil and gas potential. There has been some...