VOL. XLV
No 35
2-September-2002
OMAN
Petrogas/CNPC Announce Block 5 Oil Production Expansion Plan
Petrogas, asubsidiary of Oman痴 MB Petroleum, and China National Petroleum Corporation(CNPC) on 26 August announced details of an investment plan designed toincrease oil production from Block 5 from 5,000 b/d to 10,000 b/d andeventually to 20,000 b/d. Petrogas has mandated Kuwait-basedInternational Leasing and Investment Company (ILIC) and Japan痴 Itochu toarrange and manage financing for $27mn, as...
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