Oman may increase production by 100,000 barrels - Reuters

Oman has discovered new oil fields that will increase its production by 50,000 to 100,000 barrels in the next two to three years, the energy minister said.

He added that the Sultanate currently has 5.2 billion barrels of crude oil reserves and about 24 trillion cubic feet of gas reserves.

Oman is a major net exporter of gas to the Asia-Pacific region, with gas supplies from the country in the form of LNG.