Oman: PDO and tourism sector report growth, but liquidity tight

Oil output: Petroleum Development Oman (PDO) has confirmed the upwards trend in its operations, on 16 June announcing a 13-year high production level of 610,170 b/d. In its 2018 ‘sustainability report’, PDO also announced production at 65,300 b/d for condensate and 64.8 mcm/d of natural gas in the last year. “Overall the company has been able to achieve 1.205m barrels of oil equivalent per day in 2018”, the report said.