Middle East Economic Survey

VOL. XLVIII

No 10

7-March-2005

OMAN

Thailands PTTEP Plans Sale Of Gas From Omans Shams Field

PTT Exploration and Production (PTTEP) of Thailand on 28 February signed a heads of agreement (HOA) with Oman for the purchase of natural gas from the Shams gasfield in Block 44. The HOA, signed in Bangkok, provides for PTTEP subsidiary PTTEP Middle East (PTTEP ME) to sell natural gas to Omans Ministry of Oil and Gas at a rate of 50mn cfd beginning in the fourth quarter of 2005....