Salim Al Aufi, undersecretary of the oil and gas ministry in Oman (the biggest Middle Eastern oil producer that's not a member of OPEC):
- Says Oman is boosting crude output to as much as possible
- Says the price rout is over
- Oman will produce 980,000 barrels a day this year
- 4% higher than in 2013
- "It's crucial that we continue executing the future projects ... It's crucial that we continue the seismic activities and the exploration activities because when the market turns around, we need to have these opportunities identified and ready to go."
- "Has it bottomed?," Al Aufi said, when asked about the oil price. "It probably did."
Al Aufi speaking in an interview in Muscat on Sunday
