No 12



Omans Domestic And Export Natural Gas Prices

MEES learns that the sales price for natural gas supplied by the Oman government to Oman India Fertilizer Company (Omifco) whose plant is to be established at the Omani port city of Sur at a total cost of $969mn (MEES, 17 December 2001) is $0.80/mn BTU. The Oman Oil Company (OOC) has a 50% stake in Omifco, with Iffco and Krishak Bharati Cooperative each holding 25% shares. Under the sales and purchase agreement...