Oman looks to make the most of its dwindling oil reserves ...News

Russia Today - Economy
Oman looks to make the most of its dwindling oil reserves
source : Russia Today ( News ) () 16
Oman has just established a new state-owned company for upstream oil and gas operations to help garner investment interest and further develop its resources. Energy Development Oman (EDO) will have a stake in the majority state-owned Petroleum Development Oman (PDO) as well as developing independent projects. EDO will be primarily focused on Oman’s biggest oil field in Block 6, which currently produces 650,000 barrels per day (bpd). Also on rt.com Bringing water to Wall Street may spark bubble for the world’s most vital resource, UN warns The company can

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