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
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