Middle East Economic Survey
Oman Renews Concession Agreement With PDO Partners
Oman on 19 December signed an agreement extending the concession of Petroleum Development Oman (PDO) by 40 years. The concession covers Block 6 and the new agreement is operative from January 2005 to December 2044. Omani Oil and Gas Minister Muhammad al-Rumhi signed the deal with representatives of PDO partners Shell (34%), Total (4%) and Partex (Oman) Corporation (2%). The...