Times of Oman | News :: Can Oman sustain long-term growth on fixed oil production?:
"The news that Oman will produce a steady production of 750,000 barrels a day of oil for the next ten years is highlighting the challenges facing the economy on a long-term prospect. The candid response of the Minister of Oil and Gas last week when he faced the members of the Shura Council in a televised discussion on the production of oil was commendable. It is a sombre reminder of the limitations of fossil fuels.
However, the decision not to overproduce is based on controlling the income of the country to make sure oil production lasts as long as possible. The Oil Minister's analysis was not sugar coated and it is a clear signal that the government must urgently mobilise a diversification programme to find an alternative source of income. "
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