Middle East Economic Survey


No 32



PDO Announces Oil Discovery In Northwest Oman

Petroleum Development Oman (PDO) on 31 July announced the discovery of oil in the Malaan area in the northwest of the country. The company said the oil was discovered in the Shuaiba formation, one of the countrys most productive containing, among others, the reservoirs of the Yibal field. The Malaan location, PDO added, was first targeted in 2000 as a likely place to find more oil reserves...