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|20 March, 2019

Oman's PDO plans to increase oil output to 670,000 bpd in next 5 years

"This comes after it confirmed that 2018 yielded its highest oil output since 2005 of 610,170 bpd," a statement from the company said.

Image used for illustrative purpose. A view of Petroleum Development of Oman (PDO) near Muscat June 5, 2010.

Image used for illustrative purpose. A view of Petroleum Development of Oman (PDO) near Muscat June 5, 2010.

REUTERS/Fahad Shadeed

DUBAI- Petroleum Development Oman (PDO) is planning to ramp up oil production to 670,000 barrels per day (bpd) in the next five years, it said on Wednesday.

"This comes after it confirmed that 2018 yielded its highest oil output since 2005 of 610,170 bpd," a statement from the company said.

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(Reporting by Nafisa Eltahir, editing by Louise Heavens) ((Nafisa.Eltahir@thomsonreuters.com; +971 55 66 85163;))

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