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Oman sets new gas price scheme for major industrial users

The Omani government is set to introduce a new pricing scheme governing gas supplies to major industrial users in the Sultanate, Oman Daily Observer has reported. The new pricing system will help drive the government's goal of developing Oman's unconventional gas resources, as well as sustain gas supply to the industrial and power sector over the long-term, an official from the planning ministry said. "We have had to adjust the gas prices because the cost of producing gas in Oman has gone up, and to ensure the future supply of gas to all the major users we've had to increase the cost of feedstock to the major gas users," said Ali bin Thabit al Battashi, adviser to the planning minister.