VOL. XLVII

No 20

17-May-2004

OMAN

BUDGETS AND REVENUES

Oman LNG Records 27% Revenue Growth To $1.4Bn In 2003

Oman LNG has announced revenues for 2003 of $1.4bn, up 27% from $1.1bn in 2002 due to high LNG prices and increased exports. Oman LNGs exports have risen from 6.5mn tons in 2002 to 7mn tons in 2003, and the company is targeting exports of 10mn tons by 2006 following the expansion of its plant. Profits for 2003 came in well above the previous years performance of $581mn, said the company,...