Oman to set up integrated company to manage natural gas assets

Oman plans to establish an integrated gas company to manage all natural gas assets, including exports and imports of the commodity and its derivative products.

The formation of the new entity by Oman’s Finance Ministry is aimed at improving the country’s economic indicators by excluding gas purchase and transport costs from the general state budget, the Oman News Agency reported on Thursday.

The move will “upgrade” the efficiency of the…