Petroleum Development Oman - Revenue and Profits

Revenue and Profits

PDO's revenue in 2007 is higher than 2006 revenue because the rise of oil price which has reached $95 for a long time and the lowest price of a barrel has reached $67 this year. PDO has 92% of Oman's oil fields and Oman exports 790,000 barrels per day (126,000 m3/d). Oman consumes 69,000 barrels per day (11,000 m3/d) which is 33% of Oman's energy and the rest (67%)is provided by natural gas. Supplying the oil costs $5 per barrel with profits going directly to PDO's shareholders.

Read more about this topic:  Petroleum Development Oman

Famous quotes containing the words revenue and/or profits:

    Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.
    Bible: Hebrew, Proverbs 3:13-18.

    The living language is like a cowpath: it is the creation of the cows themselves, who, having created it, follow it or depart from it according to their whims or their needs. From daily use, the path undergoes change. A cow is under no obligation to stay in the narrow path she helped make, following the contour of the land, but she often profits by staying with it and she would be handicapped if she didn’t know where it was or where it led to.
    —E.B. (Elwyn Brooks)