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