Released from the burden of Opec+ production limits, the Middle East’s largest non-Opec producer is beginning to gradually ramp crude and condensate production back up to the 1mn b/d levels of 2016. Omani Oil Minister Muhammad al-Rumhy says a reassessment of Oman’s reservoirs means he is shooting higher still: “there is growth potential and that is very exciting” he told MEES in Muscat (MEES, 7 September).
Both in the immediate future, and longer term, state-led...