VOL. XXXVIII

NO. 18

30-JANUARY-1995

Oman

MPM Plans More Manageable Term Crude Program In 1995

MEES understands that at least two out of eight government term buyers whoseone-year crude export contracts expired at the end of December haveprovisionally agreed to reduce their contract volumes this year in order toassist the Ministry of Petroleum and Minerals (MPM) manage its alreadyover-committed term program. According to senior MPM officials, the governmentover-extended itself by some 30,000 b/d in...