Oman Boasts Of 50Bn Barrel Reserves
Omani Ministry of Oil and Gas Undersecretary Nasir bin Khamis al-Jashmi said recently that Oman has a total of 50bn barrels of crude reserves; however, he noted, just 10% of this amount is currently recoverable. As technology improves, Oman may be able to unlock a higher percentage of the ultra-heavy crude that makes up the bulk of Mr Jashmi’s 50bn barrel figure.
Petroleum Development Oman (PDO), which...
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