oman

 

Oman Starts Reducing Gas Subsidies

Oman’s Ministry of Oil and Gas has started to end gas subsidies to industry – paving the way to offering BP a price that will make developing its tight gas projects viable. It is the first Arab Gulf state to do this (MEES, 7 February 2011), while others with gas shortages struggle to find incentives for upstream developers. On July 16 the ministry signed price-hike amendment agreements with two major...