VOL. XXXIX

No. 24

11-March-1996

OMAN

Oman Approves Plans To Raise PDO Output To 850,000 b/d In 1996

MEES understands that the Omani Government has decided to proceed with a previously-mooted upstream expansion program which will allow Petroleum Development Oman (PDO) to reach a crude oil production target of 850,000 b/d later this year (MEES, 27 November 1995). However, it appears that a number of issues relating to the financing of the venture have not yet been resolved. As a...