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Latest News

Oman to raise gov’t spending by 9 pct in 2012

Oman to raise gov’t spending by 9 pct in 2012

Spending planned at around $231 billion– official; Says wants to keep deficit at $2.2 billion in 2012


August 24, 2011 2:56 by

…produce at least 900,000 barrels per day in 2012.

Oman is building three new airports and plans to upgrade its main airports in Muscat and Salalah, its second-largest city. It is also increasing power generation capacity by about 7 percent.

(1 OMR = $2.597, $1 = 0.385 Omani Rials) (Reporting by Saleh Al-Shaibany, Additional reporting and writing by Martin Dokoupil in Dubai; Editing by Susan Fenton)

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