Mon, 23 Jul 2012 02:16:16 CDT
The Omani oil ministry has said it is in advanced talks with British Petroleum (BP) over a landmark deal that will help harness the prolific gas resources of the Sultanate?s Block 61 concession, Oman Daily Observer has reported. ?Negotiations with BP have been progressing very well,? said Sheikh Ali bin Thabit al Battashi, adviser to the ministry. ?In fact, we are in the last stages of discussions on this front. We are confident about having a Heads of Agreement with BP ? God willing ? by August, if not by September, to ensure that gas supply from the Khazzan-Makarem field commences by the end of 2016,? he said.
Read full article at: ameinfo.com