BMI View: Oman has reason for optimism about its oil and gas sector’s prospects in 2013. Its experiment in full-scale enhanced oil recovery (EOR) projects has delivered clear results, with crude production reviving to levels not seen in 10 years. Ambitious plans to expand its downstream sector, with a new grassroots refinery in Duqm, attest to the positive sentiment in the Sultanate’s hydrocarbons sector. The icing on the cake would be a final investment decision on BP’s proposed US$20bn tight gas development. The recent agreement on the pricing structure should help the major tight gas project move forward after lengthy …
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