Oman’s oil output to rise nearly 20% by 2025: S&P Global Ratings

Oman, the largest Middle East oil producer outside OPEC, is forecast to boost its oil production to 1.135 million b/d by 2025, an 18.6% increase from 2021, as the OPEC+ group continues to relax curbs on its collective output, S&P Global Ratings said in a report. Oman’s oil output will reach 1.040 million b/d in 2022, up from an estimated…