Oman's finance ministry has said the Sultanate plans to spend $3.5bn in the next five years to boost oil output by 18% and to generate cash for infrastructure projects, Reuters has reported. "We are targeting an average of a million barrels per day by 2015 and we will be spending some $3.5bn in the next five years to achieve it," a ministry official was quoted by the news service as saying. Oman currently produces 850,000 barrels of oil per day.