Beruflich Dokumente
Kultur Dokumente
Muscat, Oman
Monday, March 18, 2015
2 pages
__________________________________________________________________________________________
OilDealsandWars
OmanisoneofthelargestoilproducerintheMiddleEast,
anditis
notamemberofOPEC.OPECstandsfor
OrganizationofPetroleumExportingCountries.OPEC
helpscountriesdistributetheiroilaroundtheworld.
Omanhasalargeamountofoilhowever,theirpricesare
notattheirbestsincethispastfebruary,theyaretoolow
OmansOil
____________________________________
Minister,MohammedAlRumhy,saidataconferencein
KuwaitCity.Standard&Poors(
it'samarketforbusinessin
theworld)
loweredthecountrysoutlooktonegativefrom
stableonDec.5,citingariskthatoilmaydropmorethan
1
expected
.
Omanisatthevergetoconsidertheideaofbeingapartofthe
OPEC.ThereasontheywouldliketojoinOPECisbecauseof
theirlowcostofoil.Theoilpricehasgonedownto$27per
barrel,butsomeofthecapitalexpendituresareforfuture
production.However,theoperatingcostaloneforPDOis
around$10perbarrel2
.PDOisthePetroleumDevelopment
OmanwhichcontrolsbusinessoftheoilforOman.
Thisyearsoilbusinesswillmakeabout
980,000barrelsaday,
whichisabout4percentmorethantheyearof2013.Its
crucialthatwecontinueexecutingthefutureprojects,Al
activitiesbecausewhenthemarketturnsaround,weneedto
havetheseAufisaid.Itscrucialthatwecontinuetheseismic
activitiesandtheexplorationopportunitiesidentifiedandready
togo.5
Oilbusinessisavery
i
mportantforthecountryofOman.Moreover,thedecisionto
beapartofOPECisabigdeal
becausetheywanttobeindependentandhavethe
moneyfortheirown.
Howeverbecauseofthiscrisis,itopensupdoorsfor
newprojectstheywouldwanttodofortheoil
communityin.Sofar,refineryexpansionwillbe
completedbytheendof2016,anda280kmlong
MuscatSoharproductpipelineandLiwaPlastics
IndustriesComplexwillbecommissionedby2017
and20184
.In2019Oman..1 theywouldwantto
doubletheoutputoftherefineriesby2019improving
itsplantsandbuildinganewandbetterone.
OmanplanstoexpanditsstateownedSoharplantto
boostrefiningcapacityby70%.Oncecompleted,the
plantwillbeabletoprocessheaviercrudeoilfor
3
export
.
Oman'soilratewithrisedramatically
withthenewrefinery,anditwillbebuiltin
Duqmwiththecapacitytorefine230,000
bbl/da.
Thesenewupcomingprojectswillmakea
verylargeimprovementtocommunityandhopefully
alloftheseprojectscanbesuccessful.
SincetheydonotworkwiththeOPEC,allofthe
profitgoestoOman.Sincetheygetmoreofthe
profittheyspendmoremoneyontheoil,either
doingmoreexpansionsororganizingtheproduct
more.
Thenegativespectrumofthissituation
isthatitsparksconflictswithother
countries.
Currentlythey,havingalotof
kidnappedofworkersandattackstofrom
IS
militantgrouptryingtotakecontroloftheir
minesofoilandtakingtheirbillions!
"AllUScitizensareencouragedtobeawareof
theirsurroundings,andtakeextraprecautions
whentravellingthroughoutthecountry,"saidthe
USembassy,urgingcitizensto"carefully
considertherisksoftravellingtoSaudiArabia"1
.
Also,theyspendalotofmoneyonoilwhentheycouldbe
helpingwiththecountry.portionoftheelectromagneticenergy
emittedbythesunandnaturallyfilteredintheupper
atmospherebytheozonelayerUVradiationcanbeharmfulto
livingorganismsandhasbeenlinkedtoincreasingratesofskin
2
cancerinhumans.
MypersonalopinionIthinkthatspendingonmoneyonone
thingasinoilisnotgoodforthecountry.Allthecountryever
worryaboutisproducingoilanddistributingtotheirbuyers.
____________________________________
OurwespendingtoomuchmoneyontheOil
business?
1.
P,A.F."TheStatement,WhichWas
PublishedontheEmbassyWebsiteLateonFriday,
DidNotIdentifytheSourceoftheThreatsandSaid
NoDetailsWereAvailableonthePlannedAttacks."
TimesofOman
.N.p.,14Mar.2015.Web.18Mar.
2015.
<
http://www.timesofoman.com/News/48762/Article
USembassywarnsWesternoilworkersinSaudiAr
abiaofattacks
>.
2.
"OmanEnvironmentCurrentIssues."
Geography
.N.p.,24Aug.2014.Web.18Mar.2015.
<
http://www.indexmundi.com/oman/environment_cu
rrent_issues.html
>.
OilDealsandWars.
1.
NationsSayingOPECDecisionWrong."
____________________________________
Dotheyeverstopandthinkabouttheircountry
andpeople?SoinconclusionIbelievei'min
betweenbothbecausewecanbothcomprehend
thesituationwecanusemoneyforsecurityandoil
forthecountryofOman.Alsowecaninvest
moneytokeepawayfromgroupsthatwannacome
andtakeawayoil.Alsowecanuselessmoneyon
theoilandcontributemoretothecountryand
thereneed
s.
Bloomberg.com
.Bloomberg,20Jan.2015.Web.18
Mar.2015.
2.
James,A.E."OilProducersinOmanCut
CostsasCrudePricesFall."
TimesofOman
.N.p.,16
Mar.2015.Web.17Mar.2015.<Oilproducersin
Omancutcostsascrudepricesfall>.
3.
Gerbich,Carlin."NewOilRefinerytoBe
BuiltinDuqm,Oman."
NewOilRefinerytoBeBuilt
inDuqm,Oman
.N.p.,17Mar.2015.Web.18Mar.
2015.
<
http://www.constructionweekonline.com/article329
81newoilrefinerytobebuiltinduqmoman/
>.
Macdonald,Fiona."OmanJoinsOtherOil