Tuesday, 9 January 2018

Oman opens new concession area bids for oil and gas exploration | ZAWYA MENA Edition

Oman opens new concession area bids for oil and gas exploration | ZAWYA MENA Edition:

"Bids for the new concession areas for oil and gas exploration, which were floated last year, have been opened and the Ministry of Oil and Gas is continuously following up the relevant developments Eng. Salim bin Nasser Al Oufi, Undersecretary of the Ministry has affirmed. He was talking after patronising over PDO’s celebration of the Omani Environment Day. Eng. Al Oufi told reporters that as per the Ministry’s plan, the bids for these areas will be analysed during February 2018 and that initial negotiations will start in March 2018 according the normal course of action. He hoped that the agreements for some concession areas would be signed before the end of this year."



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