Muscat: Mohammed bin Hamad Al Rumhy, Oman’s Minister of Oil and Gas said an “oil price of $60 per barrel is suitable for Oman” and good for its economy.
The minister, who is attending an energy conference in the UAE capital Abu Dhabi also informed that the country’s oil and gas sector has been allocated investments between $10 billion and $15 billion over the next three years.
According to Rumhy, these investments will be focused in the petrochemical industries, “in addition to the presence of many investments for foreign companies in the energy sector,” he was quoted as saying on Monday by UAE’s news agency (WAM).
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