Oman Signs E&P Agreement With Saudi Nimir
On 25 January, Oman signed a production sharing agreement (PSA) with the Saudi firmNimir Petroleum Company covering the 15,000-sq. km. Block No. 3 in the northeast of theSultanate (for map, see MEES, 24 June 1996). The 25-year agreement was signed in Muscat bythe Omani Minister of Petroleum, Mr. Sa'id al-Shanfari, and the President of NimirPetroleum, Dr. `Abd Allah Basudan. Signature of the...