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  • 17-12-18

    Oman signs 2 oil, gas exploration pacts

    (MENAFN) Oman secured a couple of deals to grant oil and gas exploration concessions 51 and 65 to an Oman Oil Co unit.

    Oil Minister Mohammed bin Hamad Al-Rumhi penned the pacts, presenting the rights of concession 51 to Occidental Oman and concession 65 to Occidental Oman and Oman Oil Co unit Oman Oil Company Exploration and Production.

    Concession 51 was reported by an Omani state broadcaster to be extending 10,133 sq km of space, while concession 65 extends 1,230 sq. km.

    The agreement is assured to be enabling the allocation of USD14 million by Occidental for a period of three years of the exploration, stated Salman al-Shehhi, the oil ministry's investment director.

    MENAFN1712201800450000ID1097840556

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