Duqm refinery to earn 7B in 2025
The figures reveal that the inflation rate in the Sultanate of Oman has reached 2.9%, with the Ministry of Economy clarifying that global variables are having a greater impact on the national economy.It was also announced that developmental spending in Oman has exceeded 188 million Omani riyals, with 68% of this expenditure allocated to road and infrastructure projects. In the energy sector, Duqm Refinery is expected to generate revenues of up to $7 billion in 2025, with a focus on its production during the current year. Additionally, Oman has won the bid to host the 23rd World Wind Energy Conference in 2027.
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