Oman LNG said its net profit fell 16% to US$581 million last year on lower liquefied natural gas (LNG) prices, reflecting rising competition on the international market. The company reported lower profits despite raising export volumes to 6.5 million tonnes from 5.9 million tonnes the previous year. It is planning to expand production capacity by…
OMAN: Oman LNG reports 16% drop in net profit to US$581 million
Posted on May 29, 2003 by EnergyAsia