Oman aims to keep oil output steady over two to three years - Minister | Reuters

Oman aims to keep oil output steady over two to three years - Minister | Reuters:

"Oman aims to produce oil at current levels around 950,000 barrels per day (bpd) for the next two to three years as the Gulf nation implements techniques to arrest an output decline, its oil and gas minister said on Sunday.

Oman's oil and condensate production averaged 930,000 bpd in 2013, Mohammed bin Hamad Al Rumhy said.

"Improved oil recovery and enhanced oil recovery (techniques) we are doing to sustain production at current levels. Our priority is to sustain the production," Rumhy told reporters at the Petrotech energy conference in New Delhi on Sunday."

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