Related Articles
Forward article link
Share PDF with colleagues

Non-Opec producer Oman struggles with Opec policy

Oman, a large non-Opec producer is struggling under the wilting oil price

Mohammad Al-Ruhmy, Oman’s urbane oil minister, is not happy. Opec’s decision to leave output unchanged last November, part of a Saudi-led campaign to push costly rival North American supply out of the market, has caused collateral damage nearer to home. Oman, a member of the Gulf Cooperation Council (GCC) and the region’s largest non-Opec oil producer, is among the unintended victims.Ruhmy used a Petroleum Economist conference in Kuwait City in January to deliver his withering verdict on Opec’s decision to make market share, not revenue, its priority. Before it “declared war” on rival suppliers at the November meeting, Opec had been earning $2.7 billion to $2.8bn a day, said Ruhmy. The plung

Also in this section
Uganda's ambitious oil-export timetable
26 April 2017
The government's keen, the companies are willing—is Uganda's oil boom finally on the way?
Sustainable energy: Learning from the success stories
19 April 2017
Sharing good examples is the key to change SEforALL’s Rachel Kyte tells World Energy Focus
Nigeria: Back to the future?
19 April 2017
The government faces some tough decisions as it decides how to handle the corruption allegations surrounding the acquisition by Shell and Eni of offshore block OPL 245