State-owned Oman LNG (OLNG) posted record liquefied natural gas export (LNG) revenues in 2012, on the back of higher than average energy prices and what it deemed “effective cost management,” the country’s flagship LNG producer revealed in its Annual Report, obtained by MEES in advance of its expected official release later this month.

Revenue grew to $4.342bn in 2012, up almost 10% on 2011’s $3.963bn. Net income after tax was also up in 2012, growing by some 9.42% to hit $1.95bn. (CONTINUED - 525 WORDS)