Middle East Economic Survey

VOL. XLIX

No 16

17-April-2006

OMAN

Oman To Invest $10Bn During Five-Year Plan To Sustain Crude Oil Production

Oman will invest $10bn during the course of its 2006-10 five-year plan, the countrys seventh, in an attempt to raise crude oil production from its current level of 750,000 b/d to 900,000 b/d by 2010. Speaking at an oil and gas conference in Muscat on 9 April, Omans Oil Minister Muhammad al-Rumhy said most of the investment would go towards implementing various...