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Oman News

Oman to cut crude oil production by 40k barrels

The Sultanate of Oman will implement a voluntary cut of 40,000 barrels per day of crude oil, beginning from May 2023 until the end of the year

TAS News Service

info@thearabianstories.com

Monday, April 3, 2023

MUSCAT – The Ministry of Energy and Minerals stated that the voluntary cut in production is being done in coordination with countries participating in the OPEC Plus agreement. According to the Ministry, this voluntary cut is a precautionary measure in addition to the reduction in production agreed at the 33rd OPEC and non-OPEC Ministerial Meeting on October 5, 2022.

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