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2014-03-05 16:38:00

OMAN TO INCREASE GAS

OMAN TO INCREASE GAS

Oman to increase gas production by 18%

Oman has announced that it expects to see a significant increase in its natural gas output over the next five years.

Oman will raise its gas output to around 120 million cubic metres per day between now and 2018, an increase of 17.63% from last year.

The country also expects to see a modest increase in its oil and condensate production which is expected to average around 950,000 barrels per day, an increase of 2% from last year’s figures. 

Oman’s output is struggling to keep pace with increased domestic demand. The country’s Khazzan tight gas project is expected to dramatically increase production levels when it comes online in 2017, contributing an estimated 28 million cubic metres per day to Oman’s gas production figures.

Tags: OMAN, GAS

Chronicle:

OMAN TO INCREASE GAS
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

OMAN TO INCREASE GAS
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

OMAN TO INCREASE GAS
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

OMAN TO INCREASE GAS
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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