The Completion Of This Mega Refinery Is Crucial For China

Oman has an importance to China and Iran that goes way beyond its relatively small oil and gas reserves (only around five billion barrels of oil reserves and about 24 trillion cubic feet of gas). Crucial to both countries is Oman’s geographically-strategic position, with long coastlines along the Gulf of Oman and the Arabian Sea offering unfettered equal access to the markets of the West and the East. According to a senior source who works closely with Iran’s Petroleum Ministry spoken to by OilPrice.com, China’s long-held…