VOL. XLVII

No 17

26-April-2004

OMAN

Oman Government And PDO Partners In Concession Renewal Negotiations

MEES learns from authoritative sources that the Omani Ministry of Oil and Gas is negotiating with the three other partners in Petroleum Development Oman (PDO) with a view to renewing the latters 75-year-long concession agreement, which expires in 2012. The government holds a 60% stake in PDO, along with Shell (34%), Total (4%) and Partex (Oman) Corporation (2%). MEES further learns that the two...