Sunday, 20 March 2011

Oman to spend $1 bln to boost gas output | Energy & Oil | Reuters

Oman is to invest $1 billion in a field southeast of the capital to boost gas production.

Like most of its Gulf neighbours, Oman is short of the gas it needs to meet rapidly rising demand for industry and power.

"We are planning to produce 90 million cubic feet of gas per day from block 60 by the first quarter of 2013 to cater for increasing local demands," state-run Oman Oil Exploration and Production Co (OEPC) said on Sunday.

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