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Oman announces measures to handle oil price crisis

Release Date:2020-03-31 17:16:15     Source:Xinhua     Author:huaxia

The Omani government announced on Monday its measures to handle the oil price crisis.

According to an official statement issued by the Omani Ministry of Finance, the measures include reducing all government companies' expenses by 10 percent in 2020 and suspending the implementation of any new projects or capital spending for the year.

The ministry underlined the need to adhere to the measures without exception.

 

Editor:Cherie

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