Oman has planned to spend $4.6bn on oil and gas production in 2016, according to its recently announced budget
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Budget gets Oman Cabinet’s nod; oil prices to rise
It will see Oman raising oil product prices, cut expenditures, boost non-oil sector, and raise corporate income taxes
India offers to import more crude oil from Iran
The Islamic Republic supplied 6.5mn tonnes of crude oil to India in H1 2015
TAQA announces first oil from new UK field
The field has been developed as a subsea tie-back to the TAQA-operated Tern Alpha platform
‘Redeployment’ policy to save Oman oil sector jobs
Expatriate workforce left out of ‘safety net’ as government’s priority is to protect and create jobs for Omanis, official says
Oil to rise to $70 by 2020, OPEC says
A barrel of oil will cost around $70 by 2020 and gradually move up to $95 by 2040, OPEC predicts in its recent report
Iran to attract up to $11bn oil investment
An average of 100,000 bpd is currently being produced in the central oilfields of Iran
Oman’s oil production to drop in 2016; budget cut
We have reduced the budget to a large extent to the things that we think are very critical and are important for execution: Ministry of Oil and Gas Undersecretary
Kurdistan bypassing Baghdad to sell oil: Iraq
The Kurdistan Regional Government is currently exporting more than 500,000 barrels per day
OPEC will not cut output: Iraq’s Oil Minister
OPEC firm on battling it out with other major oil producers, the US and Russia, for market share