VOL. XL

No. 6

10-February-1997

OMAN

Board Approvals Secured For Oman-Thailand LNG Deal, Upstream Drilling Contracts Awarded

As expected, the boards of directors of both Oman LNG and the Petroleum Authority of Thailand (PTT) have approved the text of their draft sales and purchase contract (MEES, 13 January). The contract covers the sale of liquefied natural gas from Oman LNG to Thailand for 25 years beginning in 2003. Under the terms of the arrangement, PTT will receive 1mn tons from the...