
PDO is 60 per cent owned by the Omani government, with Royal Dutch Shell, Total and Partex Oil and Gas Group holding the rest/Bloomberg
by BloombergOman’s Petroleum Development Oman (PDO), the Sultanate’s biggest producer, plans to reduce the number of staff working on its oil and gas projects in response to the spread of the coronavirus.
The Sultanate’s biggest oil and gas producer has started discussions about the cuts with contractors. PDO stated that it will review its projects and expects equipment shortages to affect construction and maintenance as the epidemic affects global supply chains.
PDO is 60 per cent owned by the Omani government, with Royal Dutch Shell, Total and Partex Oil and Gas Group holding the rest.
MOST READ
BUSINESS
COVID-19 poses downside risks to Egyptian banksBUSINESS
UAE firms launch Covid-19 economic aid packagesBUSINESS
Saudi Arabia plans to boost oil export to 10...BUSINESS
Aldar to invest AED 2 million in Abu Dhabi...BUSINESS
Saudi Aramco posts a 21 per cent decrease in...BUSINESS
Oil drops 31 per cent as price war erupts...