• HSBC

Oman eyes coal power station

  • Oman: Sunday, January 27 - 2008 at 07:17

Oman is considering building the first coal-fired Gulf power plant, reported our sister publication MEED. Oman Power and Water Procurement Co has told consultants they may have to study the option of using coal as fuel at its next power and water project. The possible move is seen as the latest sign of concern about a gas supply shortage in the world's biggest oil exporting region. Gulf states have about 30% of the world's oil reserves and 8% of its gas, but an economic boom spurred by record crude prices is driving demand for power and water so rapidly that many are considering turning to coal imports.

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