Oman announces new oil discoveries

On Jun 4, 2022 5:21 PM

SANAA, June.04 (YPA) – Minister of Energy & Minerals in the Sultanate of Oman announced on Saturday new oil discoveries in the country.

According to the Oman News Agency, the Minister of Energy and Minerals, Dr. Mohammed bin Hamad Al Rumhi, affirmed in a statement that his ministry would contribute to increasing production in the coming years.

“The oil companies operating in the Sultanate of Oman have new oil discoveries,” he added.
He went on to say, “These discoveries will contribute to increasing production between 50,000 and 100,000 barrels over the next two or three years.”

Al Rumhi also pointed out that”the Sultanate’s reserves of crude oil currently are reaching to 5.2 billion barrels, while gas reserves are about 24 trillion cubic feet.”