Oman Oil’s exploration and production division mulls investments worth $4 billion over the next five years to boost its oil output up to 200,000b/d in 2020, Zawya reported.

According to the Oman Oil Company Exploration & Production (OOCEP), which operates onshore blocks, and the Khazzan gas plant in a joint venture with BP, Muscat ponders expansion in the Middle East, Asia and Europe.

AME Info informed that Oman’s oil export had recorded annual increase from January to September, with annual rise of 5.7 %. China still ranks as the top Omani crude oil-importing country with a 79.9 % stake in the given period, according to the National Center for Statistics and Information (NCSI).