22 Dec 2016
(MENAFN) The Petroleum Development Oman (PDO) surpassed its aim of reducing expenditure this year.
Additionally, the PDO planned to cut USD1.6bn in 2016 in light of the dwindling oil prices, while the firm has exceeded the target by USD100-200mn.
Last year, the majority state-owned oil producer had launched many initiatives to curtail spending when oil prices started their fall from USD115mn to USD28mn.
Moreover, this year initiatives will be carried into 2017, while the process of minimizing capital needs, optimization, ways of self-financing will continue throughout 2017.
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08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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