VOL. XLII

No 46

15-November-1999

OMAN

Oman Pursues Diversification Strategy As Oil Prices Rebound

Under its Vision 2020 plan, Oman has outlined adiversification strategy that aims to reduce the country's dependence on oilrevenues. Based essentially on the exploitation of its natural gas reserves currently spearheaded by the development of its liquefied natural gas (LNG)facility in Sur it is also contingent upon the associated promotion of anindustrial development strategy, fiscal discipline and...