JOURNAL ARTICLE

Oman Said to Consider Selling Stake in $8 Billion Gas Fields.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Ratcliffe, Verity; Nair, Dinesh; Paola, Anthony Di 3 of 3

Abstract

Oman is considering selling a stake in its $8 billion natural gas assets to raise funds for state finances and investments. The state-owned Energy Development Oman SAOC is seeking partners for a minority stake in Block 6, which includes valuable oil assets. This potential sale is part of Oman's efforts to bolster its public finances and diversify its economy away from oil, with ongoing talks for the transaction. The country's gas reserves in Block 6 are significant, and investment in gas projects is increasing to meet global demand, with plans for new LNG facilities and partnerships with international energy companies like TotalEnergies SE and OQ SAOC. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2025
  • Accession Number:185075977
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