Middle East Economic Survey

VOL. LIV

No 6

7-Feb-2011

OMAN

Oman Prepares To End Gas Subsidies For Future Projects

Muscat is prepared to renegotiate terms with BP for tight gas and NGLs

Faced with increasingly expensive new gas production, Oman is preparing to end gas price subsidies for future projects that use gas feedstock the first Gulf state to do so, MEES understands. Following the abrupt pull-out of BG from Butabul tight gas field last summer, which was expected to produce 300-500bn...