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Page added on December 5, 2004

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Oman predicts lower oil production in 2005

Business

MUSCAT: Oman, which has battled to halt a drop in oil production, is estimating a lower daily output of 750,000 barrels next year, the national economy minister said in remarks published Sunday.

Estimated production for next year is 4.1 percent down on the figure for the first nine months of 2004 and 8.4 percent lower than output for all of last year, said The Times of Oman.

Oman exported 197.4 million barrels of crude in the first nine months of this year, 5.5 percent lower than for 2003.
http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=10707



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