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Tuesday, March 31, 2020 1:36 GMT
Contractors undertaking large projects for various upstream Oil & Gas, refining and petrochemicals companies in the Sultanate of Oman, are girding for painful cuts to their corporate bottom-lines as clients weigh the impact of collapsing oil prices and the global economic downturn on their investments in ongoing projects. A foretaste of the anticipated hardship ahead came at a meeting hosted by Petroleum Development Oman (PDO), the country’s largest producer of hydrocarbons, which has...More