No 09



Omans Crude Term Contracts For 2004

MEES understands that Omans Ministry of Oil and Gas (MOG) expects to export 378,000 b/d of crude through term contracts in 2004. Average production for the year is projected at 757,000 b/d, with 85,000 b/d allocated for the Oman Refinery Company (ORC) for domestic consumption. Of the 757,000 b/d, the MOG share is 441,000 b/d (390,000 b/d from its 60% share of Petroleum Development Omans PDOs 650,000 b/d; 17,000 b/d from its...