VOL. XXXVII
NO. 26
28-MARCH-1994
Oman
PDO Decides To Cut 1994 Expenditure By $100Mn
Petroleum Development Oman (PDO) has announced that it has decided to cut itsbudget expenditures for 1994 by $100mn to absorb a drop in world crude oilprices. The cut was approved at a PDO board meeting held on 22 March. It isunderstood that the expenditure reduction will only affect upgrading andmaintenance projects and non-essential infrastructural work, but not plans toraise the company's production capacity to...
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