Oman: gas gushes
Natural gas production from the giant Khazzan field has begun, as Oman seeks new energy investors in a stable corner of the Gulf
The Khazzan project, in the view of BP's Oman country manager, Yousuf al-Ojaili, is a big deal. He says it is "one of the biggest gas developments in the Middle East". When phases 1 and 2 are complete, the Khazzan project is expected to produce 1.5bn cubic feet a day, equivalent to 40% of Oman's gas supply. It's all happened fast. In December 2013, BP (operator with a 60% stake) and Oman Oil Company Exploration and Development (40%) signed an exploration production-sharing agreement (EPSA) for the Khazzan venture in Block 61 in central Oman. The EPSA was amended in 2016, increasing the size of the licence to allow the second phase of development. The project wasn't all plain sailing. Accordi
Also in this section
25 July 2025
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
