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Oman plans $1bn investment to boost gas output

Muscat, March 20, 2011

Oman plans to invest $1 billion in a field southeast of the capital to boost gas production, state-run Oman Oil Exploration and Production Company said in a statement on Sunday.

"We plan to produce 90 million cu ft of gas per day from block 60 by the first quarter of 2013 to cater for increasing local demands," the company statement added.-Reuters




Tags: Oil blocks | Oman investment | Oman Oil Exploration and Production Company |

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