Companies of Oman by Industry - Airlines of Oman, Oil and Gas Companies of Oman, Telecommunications Companies of Oman (Paperback)

Purchase includes free access to book updates online and a free trial membership in the publisher's book club where you can select from more than a million books without charge. Chapters: Airlines of Oman, Oil and Gas Companies of Oman, Telecommunications Companies of Oman, Petroleum Development Oman, Oman Air, Omantel, Oman Oil Company, Oman Oil Marketing Company, Nawras, Oman Lng, Oman Refinery Company. Excerpt: Petroleum Development of Oman (PDO) is the foremost exploration and production company in the Sultanate. It accounts for more than 90% of the country's crude-oil production and nearly all of its natural-gas supply. The Company is owned by the Government of Oman which has a 60% interest, Royal Dutch Shell which has a 34% interest, Total which has a 4% interest and Partex which has a 2% interest. The first economic find of oil was made in 1962, and the first consignment of oil was exported in 1967. Oman's growth into a successful oil- and gas-producing nation had humble beginnings so humble, in fact, that it began with a dud. A geological survey of the country in 1925 found no conclusive evidence of oil. Twelve years later, however, when geologists began intensively searching for oil in neighbouring Saudi Arabia, Oman's Sultan Said bin Taimur granted a 75-year concession to the Iraq Petroleum Company (IPe. Pausing only for the Second World War, exploration for oil was underway in Oman. The exploration and production operations were to be run on behalf of the IPC by Petroleum Development (Oman and Dhofar) Ltd. The operating company had four shareholders, each with an interest of 23.75%: the Royal Dutch/Shell Group, the Anglo-Persian Company (which would eventually become the British Petroleum Company, or BP), Compagnie Franaise des Ptroles (whose convoluted lineage would make it a predecessor of todays TotalFina-Elf) and the Near East Development Company (whose likewise convoluted lineage would make it a subsidiary ... More: http://booksllc.net/?id=871095