No. 24



Omans Oil Output Running At Around 900,000 B/D

Oil production in Oman has returned to around 900,000 b/d, the countrys Oil Minister, Muhammad al-Rumhi, has told MEES. Following OPECs output cut agreement in March 1999, Oman while not a member of OPEC agreed to cut production by 63,000 b/d (MEES, 29 March 1999). Oman cut its term crude supplies to Asian customers by 11.94% from contractual volumes in May 1999 but eased its term supply cut to 4-5% in April this...