Salim bin Nasser al Oufi, Under-Secretary, Ministry of Oil and Gas, said the cost for oil production would decrease in light of the oil price slump. Aufi said that the operational cost for each barrel ranges between $9 to 10 while the total cost for producing one barrel ranges between $25 and $26. He pointed out that the companies operating in this field are seeking to reduce the operational and total cost. (Oman observer)
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