LONDON: Oman will be among the countries in the Gulf region expressing the most relief about recovering oil and gas prices. The Sultanate is more vulnerable to price shocks than others in the GCC as it holds less in the way of foreign exchange reserves. "It doesn't have the balance sheet strength of a country such as Saudi Arabia or Kuwait," said Jason Turvey, a Gulf specialist at Capital Economics. But Oman has something else up its sleeve that should act as a cushion in the years ahead - rising gas production.Read full news