Saturday 17 October 2015

Oman needs to walk the talk on projects | GulfNews.com

Oman needs to walk the talk on projects | GulfNews.com:

"Oman’s economic prospects seem on the right track on the back of its planned developments. Yet, what counts far more is actual implementation rather than just mere intention when it comes to infrastructure schemes.

Among the many plans, there is Oman Rail with an estimated first phase development cost of $1 billion. The project should help Oman affirm its position as an ideal place to do business and for tourism. The sultanate with its exceptionally rough terrain needs a rail network to make distances closer.

Another notable scheme relates to extracting about 1 billion cubic feet per day of tight gas from the Khazzan field in the middle of Oman. It represents a 30-year gas production and sales sharing agreement with BP. Clearly, BP provides the necessary expertise and know-how in the field."



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