Sultanate on way to hitting 1 million b/d target by the end of 2013
Oman is expected have an average daily crude oil production of 915,000 barrels a day (b/d) in 2012, according to the sultanate’s oil minister.
Mohammed al-Romhi said Oman was on target to hit 1 million b/d by the end of 2013 when the Mukhaizna oil field will hit a daily production of 150,000 b/d. Oman currently exports about 750,000 b/d of crude oil.
MEED reported in October that Oman’s oil and gas sector is expected to benefit from more than $50bn of investment over the next 10 years as the sultanate aims to maintain crude output levels and boost gas production.
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