VOL. XLV

No 44

4-November-2002

OMAN

Omans Proven Crude Reserve To Last 20 Years At Current Output Rate

Omans current proven crude oil reserves are estimated at 5.8bn barrels, and at the current rate of production will last for 20 years, according to the countrys National Economy Minister, Ahmad Makki in remarks published in the Times Of Oman on 19 October. The minister added that a precise assessment of the lifetime of oil reserves was very difficult because it depended on numerous factors such...