VOL. XLVI

No 50

15-December-2003

OMAN

PDO Recovery Program On Track, Says Rumhy

Petroleum Development Omans (PDOs) production is expected to average around 702,000-703,000 b/d in 2003 which is the target for its phased recovery plan, according Oil Minister Muhammad al-Rumhy, in remarks published by the Oman Daily Observer on 8 December. The minister added that PDO would show a marked turnaround from 2005 onwards. PDOs output has been largely in decline since production reached its peak in 1997....