Oman is continuing to develop its gas resources by expanding its LNG facilities and associated upstream infrastructure, and is now establishing a downstream industrial base fuelled by gas. Mark Lazell reports.
Oman has a well-developed strategy to reduce its dependence on oil revenue, in particular enhancing the value of its gas resources to offset the relatively high costs of producing oil....
With relatively modest oil reserves, Oman is important to world oil markets due to its strategic location overlooking the Strait of Hormuz. Oman also opened a facility for the export of liquefied natural gas (LNG) in April 2000, which is undergoing expansion.
Note: Information contained in this report is the best available as of September 2002 and can change.
GENERAL BACKGROUND
Oman remains...