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Oman Oil Minister Slams Gulf Culture of Energy Subsidies

Subsidized petrol and electricity programs are causing a huge waste of energy across the Gulf and threatening economies, Oman's oil and gas minister said on Sunday, in a rare official warning over surging demand in the region.      Energy prices are heavily subsidized in the six member states of the Gulf Cooperation Council (GCC), giving little incentive for their fast-growing populations to moderate use of big gas-guzzling cars or around-the-clock air...

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