Oman’s Ministry of Oil and Gas (MOG) expects to make at least one license award by the end of the year as it looks to end a difficult year for the industry on a high.

Speaking this week, Undersecretary at the MOG Salim al-‘Oufi said the ministry was currently in talks with a foreign oil company over a contract for the Block 7 concession on Oman’s border with Saudi Arabia. The undersecretary said he hoped a contract award for the license can be made before year-end. (CONTINUED - 329 WORDS)