Middle East Economic Survey


No 37


BP Eyes Expansion Of 1Bn CFD Oman Gas Project

BP will complete its gas sales agreement with Muscat on the $15bn Khazzan-Makaram gas project by the end of 2012 and take the final investment decision by February 2013. The project which could produce 15,000-20,000 b/d of condensate will produce first commercial gas by the third quarter of 2016, and after plateauing at 1bn cfd in the first phase, may be expanded under future phases.

BP is...