Middle East Economic Survey

VOL. LII

No 13

30-Mar-2009

Oman Sidesteps Gas Crunch As Liquids Output Rises

Economic slowdown, greater efficiencies and the welcome bonus of an expiring LNG sales contract are easing Omani fears of a looming gas shortage. This comes amid positive news on liquids output. Around 805,000 b/d of crude and condensate production is targeted for this year, Nasir al-Jashmi, Undersecretary of Omans Ministry of Oil and Gas tells MEES. This is up from 760,000 b/d in 2008. Gas...