The Arab country signed a contract that will allow the production of 300 cubic meters of gas per day at the Mansouriya field. The minister of oil said new licensing rounds will enable the production of an additional 850 cubic meters of gas and 750,000 barrels of oil.
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GDP growth is lower than that recorded in 2023 due to the slowdown in the extractive sector. In a meeting with local authorities, the fund released new disbursements to the country.
A major exporter of oil and gas, the Arab country recorded a trade surplus. Top imports were mineral products and machinery.
Arab country grossed OMF 6.2 billion in revenue in the second quarter of 2024, most of which, i.e., OMR 3.4 billion, coming from the oil sector.
Brazil’s Minister of Environment participated in event in Berlin with the presidents of COP28 and COP29, and climate officials. How to fast-track the enforcement of the Paris Agreement was part of the discussions.
