Oman Planning is sold in $ 8 billion natural gas assets

Oman is reported that about $ 8 billion (OR3.08BN) has purchased a share with a share of about $ 8 billion BloombergWith reference to people familiar with the plan.

The action is part of the sultan’s strategy for strengthening the financial situation and the fund for future investments.

The State Company Company Energy Development Oman (EDO) is looking for partners to have the share of minorities in the 6th block of gas stating that the country’s main oil assets are held.

6th year, Oman’s largest oil producer, oil development was integrated into Oman, 2020 and newly established edo.

It contains 10.7 trillion cubic feet (TCF) and has two billion cubic feet (BCF / D) production capacity.

Edo participates in the full property of 60% of the block oil and gas concession.

Potential sales will only help provide significant development and operational costs related to the funds that need a lot of Oman.

If successful, this deal will join a number of active types of national financing, the most sensitive to the Nation, which is considered the most sensitive to the Arabie region.

Edo, who does not meet an e-mail that requires a comment, is currently in sales discussions and can still be subject to sources.

The government had previously planned to release bonds through EDO, but these plans faced a large number of delays due to unfavorable conditions in global financial markets.

However, Oman said that the Ministry of Energy and Minerals sell the sultanate, stating that according to the report, the government has no immediate plans for such separation Daily muscat.

The Ministry of Energy and Excavations, CEO of Oil and Gas Production Alboori: “Important joint cooperation and investment through strategic cooperation between the strategic cooperation and increasing strategic cooperation and sovereign rights through global technical expertise and intrination.”

Although oil is currently more profitable than gas, the investment is gradually changing because investments are targeted on gas projects. This change is in response to the growing global student for fuel.

Totalengies and OGAN OQ Saoc built a device to provide liquefied natural gas (LNG) ships (LNG).