MAIN REGIONAL OIL AND GAS EXPANSION PLANS

 

OMAN

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$1 BILLION OF PROJECTS ANNOUNCED IN 2000

During the year 2000, the Oman Government announced the largest energy expansion programme in the nationís history. The first stage of this had led to over $1 billion of industry-related projects, particularly: 

  • $490 million on new Pipelines to Fahud and Salalah. 
  • $198 million on new field development to produce a further 62,000 bpd of crude. 
  • $426 million on a new methanol plant at Sohar. 

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FURTHER $1 BILLION FOR EXPLORATION AND DEVELOPMENT, 2001-2004. 

The Omani Government aims to strike "$1 billion of new production sharing deals" during 2001 to "kick-start" a major oil and gas exploration drive, Reuters reported in late 2000. This is in addition to earlier projects (listed above). 
In March 2001, Oman announced a new major find at Dakhlia, with a "substantial amount of gas" says PDO. This will be part of the new development programme. 

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NEW $750 MILLION REFINERY AND THIRD GAS TRAIN ALSO PLANNED. 

Other big projects awaiting the final word: 

  • Oman has received all bids to build the new $750 million refinery at Sohar: construction will start in 2002 with on-stream set for 2004. 
  • Oman LNG currently produces 6.6 million tones of LNG from its new two-train plant at Sur. A third gas train is under study for additional exports to India and Asia. 

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