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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 nation�s 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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