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Oman will invest $10-15 billion in the petrochemical sector over the next three years

 Last Update: 2023-01-02
 Source: Internet
 Author: User

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Oman's oil and gas minister, Mohammed bin Hamad al-Rumhy, said this week that Oman's oil and gas sector has an allocation of between
$10 billion and $15 billion in investment over the next three years.

The minister said these investments will be mainly concentrated in the petrochemical sector, while more foreign investment
will be allowed in the energy sector.

The minister's recent energy conference in Abu Dhabi, the capital of the United Arab Emirates, confirmed Oman's commitment
to the OPEC+ agreement.
Mohammed bin Hamad al-Rumhy believes that the oil price of $60 per barrel is both suitable for Oman and good for its economic development
.

The minister said these investments will be mainly concentrated in the petrochemical sector, while more foreign investment
will be allowed in the energy sector.

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