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Oman’s Ministry of Energy and Minerals signed an agreement with Lebanon’s CC Energy Development Company to explore two concessions in the Dhofar province. Upon a positive geophysical assessment of the region, the drilling process will begin and enhance the oil sector’s productive capacity. As the largest non-OPEC producer in the region, Oman’s accessibility to international investment will only expand the country’s oil and gas capacity despite voluntary production cuts. 

Oman signs oil and gas concession agreement with Lebanon’s CC Energy Development

Oman’s Ministry of Energy and Minerals signed an agreement with Lebanon’s CC Energy Development Company to explore two concessions in the Dhofar province. Upon a positive geophysical assessment of the region, the drilling process will begin and enhance the oil sector’s productive capacity. As the largest non-OPEC producer in the region, Oman’s accessibility to international investment will only expand the country’s oil and gas capacity despite voluntary production cuts. 

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