Oman plans 10pc oil production boost in 2023.

Oman's Finance Ministry estimates it will boost oil production by more than 10 percent next year to 1.175m barrels per day.

The ministry announced a preliminary budget for 2023 on Tuesday with an oil price of $55 a barrel, less than today's level of around $80.

It's also far below analysts' expectation for Brent to average $95 next year, according to a Bloomberg survey.

The country currently pumps around 1m barrels a day of crude and...

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