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OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,” Oman’s oil minister said. ....
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PDO signs major waste management agreement with key partners By: Times News Service Muscat: Petroleum Development Oman (PDO) has signed a Memorandum of Understanding (MOU) with three key parties for the establishment of a central facility for the management and disposal of Naturally Occurring Radioactive Materials (NORM). The agreement was signed by senior representatives from the Ministry of Energy and Minerals, Environmental Authority and the Oman Environmental Services Holding Company (be ah). The project will be among the first in the region to have a sustainable NORM waste management and disposal solution and is expected to generate significant cost savings. Currently, around $4.2 million is spent annually on exporting waste outside Oman for disposal. ....