Middle East Economic Survey

VOL. XLIX

No 46

13-Nov-2006

DMEs Oman Trading Start-Up Put Back To 1Q07

Trading of Oman crude oil futures on the Dubai Mercantile Exchange (DME) is now set to begin in 1Q07, Omani Oil Minister Muhammad al-Rumhy told reporters on 8 November. The exchange had intended to begin trading Oman futures in 4Q06, and recently confirmed that Oman crude delivered under the contract would be lifted at Omans Mina al-Fahal terminal (MEES, 19 June). On 6 November Dr Rumhy had said...