Official Statement of the Minister of Finance

Minister Responsible for Financial Affairs / permission

Muscat on September 25 / Oman / HE Darwish bin Ismail

Al Balushi , minister responsible for financial affairs , the implementation of projects

Development in the Sultanate proceeding according to the selected program to him , which was announced

For in the current year budget of 2013 denying Ma'aleh any intention

To postpone these projects.

His Excellency said in a statement made ​​after the sponsorship of the inauguration ceremony / Bank Card

Muscat and Oman Air Credit / The Government of the Sultanate realize that

Economic growth requires spending on development projects and continue to

Development of exchange and government investment and encourage private investment , both

Domestic and foreign.

With regard to the privatization of some state - owned companies quotas Minister explained

Responsible for financial affairs , said there legally and that the allocation policy

Allocation approved by the government include two parts first is to provide

Field for companies and institutions of the adoption of new projects

Needs of the private sector in various sectors , whether in service or

Economic while the second part includes the sale of shares of companies that

Government-owned , whether full or partial ownership .

The Minister pointed out that the government owns more than 60 companies in various

Economic and service sectors noting that there are companies successful and

Profitable and has a good history of positive performance .

And the government's intention to customize the airline Oman explained that

The company is a state - owned company can be allocated at any time is not that important

Here , the government allocated to the investor company which can benefit from

Investment and bring him good returns also benefit community

And the country.

HE Darwish Bin Ismail Al Balushi said the government is keen in the event of sale

These quotas to take into account a timely manner so that it does not have a negative effect

On the Muscat Securities or other investments and versions

New and existing plan to do so, has been with the beginning of the general budget

At the beginning of this year, the government announced that a continuous and serious about selling

Servings of government property .

He revealed His Excellency Darwish bin Ismail Al Balushi , minister responsible for affairs

The company 's financial Oman Air will prepare a long -

Term for a period of ten years to come, which include the company 's future plan of

Where expansion and the number of stations and revenues , spending and profitability and losses

Noting that this plan will be submitted to the Government and the light will

Its decision if the government would bear the company for a period of ten years to come or

The company through its plan will show that they are up to profitability or break - even point .

In response to the economic reports that indicate the possibility of depletion of stocks

Sultanate of oil during the 19 - year - old HE said that when she began

Sultanate in oil production in the seventies was the national stockpile for twenty

Years and now produces nearly one million barrels per day? We are still talking about

Twenty years , " noting that oil is wealth بباطن the ground and Gadgets

The technologies are evolving to extract the oil , noting that the policy

Government, said he is discovered barrels in the ground for every one barrel

Being pumped which maintains the balance between production and inventory and Company

PDO is now the extraction of oil and remain the property of the state .

SAS / Oman / CES