General Discussion

You see it throughout much of the Middle East. When oil is high, they plan project for the good of the region. But oil is cyclical. When oil drops to $60 a barrel, the projects are all put on hold.

I was a part of Duqm 2013…Dugm 2016…Duqm 2020…. Same project. Just kicked down the road. Oman is mountainous on one side and their oil difficult to transport. They produce the same amount of oil as Colombia in Latin America. They are reliant on Saudi to fund large projects.

The waters south of Oman are all deep water. It’s 3 days sailing to India. It’s a no brainer, but Iran gets quiet for a few years and the region cancels projects because appeasement seems cheaper. But it’s not. Iran is a regional terrorist that threatens everything around it. Their leverage is fanaticism that never guarantees a sane outcome. Oman conceptually should have been safe from attack being neutral…but…Iran.