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Omans oil output and exports jumped significantly in 2010 with the countrys oil output rising by 6.6 per cent in the first ten months of 2010 compared to a year ago and oil exports increasing by 10.4 per cent, the latest figures from the Ministry of Economy revealed.

Saudis state-run oil giant Saudi Aramco signed a contract with state-run Japan Oil, Gas and Metals National Corp (JOGMEC) that would allow the Saudi company to store crude oil in Japan from February 2011 onwards.

Iraq and Jordan have agreed in principle on building a pipeline between both countries to supply Amman with crude oil for the coming decades, officials announced after a visit to Iraq by Jordans prime minister, Samir Rifai.

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