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On Tuesday, an official in the Omani Finance Ministry announced that his country would be reviewing their oil and natural gas projects with a breakeven cost of more than $30/b, and that they are optimistic that global energy markets will improve in the second half of the year. The official said Oman was looking to raise $6 billion and that they would introduce a 5% budget cut in 2020 to balance the budget.

In Low Oil and Gas Market, Oman Reevaluates Energy Portfolio

On Tuesday, an official in the Omani Finance Ministry announced that his country would be reviewing their oil and natural gas projects with a breakeven cost of more than $30/b, and that they are optimistic that global energy markets will improve in the second half of the year. The official said Oman was looking to raise $6 billion and that they would introduce a 5% budget cut in 2020 to balance the budget.

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