Oman has been profiting from its location outside the Strait of Hormuz, which was effectively shut down after the Middle East conflict ignited in late February. The sultanate is set for windfall oil revenues on the back of near record prices and steady exports during the past four months (MALE, 26 June).
Oman LNG has also been pushing its three-train 11.4mn t/y export facility to the maximum in recent months, helping to partly offset the loss of a combined 83mn t/y of LNG from Qatar and Abu Dhabi while benefiting from higher prices. (CONTINUED – 820 WORDS)
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