In a context of growing international gas supply and expected demand moderation in the developed markets of US and Europe, Oman is hoping its strategic partnership with China will provide it with a ready market for its growing supply. In May 2018 Xi Jinping, the president of China, and Sultan Qaboos bin Said Al Said formalised the Sino-Oman...
The energy sector in Oman has continued its familiar pattern of adapting and evolving within a context of uncertain economic conditions and a rapidly changing global energy landscape. Becoming a leader in the development of enhanced oil recovery (EOR) techniques has allowed it to maintain high production rates and ensure oil retains its...
The energy sector in Oman has continued to evolve within a context of uncertain economic conditions and a rapidly changing global energy landscape....
The sultanate’s continuing efforts to boost extraction, develop greenfields and refine its processing capacity are largely intended to support trade links that ultimately see the vast majority of its oil consumed far afield from Oman itself. According to data from the National Centre for Statistics and Information (NCSI), of the 265.5m barrels...
In April 2018 the foundation was laid for one of the sultanate’s largest engineering ventures – the $7bn integrated refinery at Duqm. Indeed, according to industry media, its construction will account for some 8% of Oman’s entire GDP in the years preceding its completion in 2022. The refinery will form a key part of the country’s overall oil...
The oil and gas sector is responsible for much of Oman’s economic growth and government revenue, thus changes in the industry tend to reflect greatly on the sultanate’s overall development. Although recent years have seen progress towards diversification goals, hydrocarbons activity still attracts a large share of domestic and foreign...
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