Middle East Economic Survey


No 7



Novus Oman In Proposed Deal With Rakgas On West Bukha Purchase

Novus Oman on 7 February signed a heads of agreement with the Ras al-Khaimah Gas Commission (Rakgas) for the purchase and processing of natural gas from the offshore West Bukha gas/condensates field. Rakgas already processes gas from the Bukha field, which is also located in Block 8. Both fields lie near the Strait of Hormuz, northwest offshore the Musandam Peninsula....