Oman expects oil prices to range between $70 and $80 a barrel in 2010, some 40-60 percent more than the $50 estimate the country is using for to calculate its budget, Oman's national economy minister said on Tuesday.
The independent producer is aiming for oil output of 870,000 barrels per day, up from a target around 800,000 bpd in 2009. If Oman reaches both targets, it would mark three consecutive years of oil output growth after several years of decline.
"The 2010 budget has been set for production of 870,000 barrel per day and we see oil prices in the range of $70-$80 per barrel," Ahmad Mekki, the national economy minister said in a statement.
No comments:
Post a Comment