$7bn projects to boost Oman’s Oil expenditure for 2019

3 September 2018

Muscat (WAF)- Oman’s Oil and Gas sector will witness huge investments in 2019,  Dr. Mohammed al-Rumhi, Omani Minister of Oil and Gas told WAF.

Al-Rumhi said that the 6 billion USD refinery in Duqm, and two other 1 billion USD projects in Salalah will see major investments starting from next year.

“Of course we will not be spending the $6bn next year, but a good chunk of that expenditure will start next year. And then the following -maybe- another three years until (the) commissioning of the plant”, he said about Duqm Refinery.

In April, Oman celebrated laying the foundation stone for the Omani-Kuwaiti Duqm Refinery. And broke ground on Salalah LPG and the Salalah Ammonia projects, for $826mn and $750mn respectively.

On gas, al-Rumhi sees “a lot of money being channelled… from the likes -I hope- of Shell and Total in (the) development of this Greater Barik area (north of block 6), both in exploration and development”.

In May, Omani government signed an MoU with Shell BV and Total to develop several natural gas explorations located in the Greater Barik area on onshore Block 6.

You can now watch the complete interview on: https://youtu.be/oXyehdTi8WM