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Oman Oil and Gas January 2015 Updates

Oman oil projects under review
Officials responsible for gas projects told to look for savings

Acwa confirms Oman desalination contract
Project company will expand capacity of Barka 1 plant

Oman mulls share sale of state refining group
Orpic shares may be offered to public, oil minister quoted as saying

Oman plans Khulud tight gas tender
Petroleum Development Oman eyeing its first major unconventional project in second quarter

Larsen & Toubro to build Muscat Crowne Plaza
Four-star hotel part of Oman Convention and Exhibition Centre

Oman increases public spending in 2015
If the oil price remains under $60 a barrel in the long term, significant cuts will be needed in future budgets

Middle East contracts awarded: December 2014
Over $6bn of contracts awarded in December in the Middle East

Impact of falling oil prices on Oman
With smaller oil reserves and a much higher budget breakeven oil price, Oman is more vulnerable to low crude prices than the four biggest GCC economies, but stands in a far stronger position than Bahrain

GCC oil and gas spending hits four-year high in 2014
Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004