VOL. XXXVI

NO. 7

16-NOVEMBER-1992

OMAN

Oman Launches $9bn LNG Joint Venture Project

The Omani Minister of Petroleum and Minerals, Mr. Sa'id bin Ahmed al-Shanfari,announced on 11 November that Oman's $9bn LNG joint venture has now beenlaunched and that exports are targeted to start in the middle of 1999. Theproject will comprise an upstream venture - operated on behalf of the governmentby Petroleum Development Oman (PDO) - and a downstream joint venture - for whichan agreement was signed on 6 May...