whatever the oil price in oman we will be able to handle it pdo
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Whatever the oil price in Oman, we will be able to handle it: PDO

Arab Today, arab today

Arab Today, arab today Whatever the oil price in Oman, we will be able to handle it: PDO

Photo - shutterstock
Muscat - Arab today

Oman will be able to resist any fluctuations in oil prices due to efficiency and reduced costs, a top official at PDO said in an interview with Times of Oman.

“Whatever the oil price, we can handle it,” Raoul Restucci, Managing Director of PDO said. 

“We have hit records of excellence in efficiency and creating value every year and we look forward to doing more. We continue to remain profitable and reduce operating costs every year.”

In the annual report published recently, PDO said that it exceeded savings target last year and plans to save another $1.5 billion in 2017, thanks to its highly effective LEAN programme.

Commenting on the future of PDO, Restucci stated that although main operations of the company will remain oil and gas, they plan more ventures into renewables, value creation and consultancy services.

“We are an oil and gas company and will continue to be for a long time. However, we are looking forward to more projects in renewables and also provide the expertise we have gained over the years in internal operations such as efficiency and value creation to others. This will be PDO’s objective apart from delivering oil and gas,” he said.

Source: Timesofoman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

whatever the oil price in oman we will be able to handle it pdo whatever the oil price in oman we will be able to handle it pdo

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

whatever the oil price in oman we will be able to handle it pdo whatever the oil price in oman we will be able to handle it pdo

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates

GMT 04:29 2018 Wednesday ,19 September

North and South Korea: Kim and Moon hail new future

GMT 14:18 2013 Monday ,19 August

Newlywed Lebanese couple pose at car bomb site

GMT 11:11 2011 Friday ,12 August

Palestinian university ranks seventh in Arab world

GMT 15:16 2015 Wednesday ,26 August

UAE ambassador attends charity ceremony in Qalubiya

GMT 16:59 2016 Tuesday ,26 July

Hedge funds in new cycle of oil short-selling
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday