Oman Energy

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Oman has made some major moves to diversify its energy mix, as indicated by the commissioning of new renewable energy (RE) projects. The sultanate has set a precedent by bringing RE into the oil and gas upstream via new innovative schemes.

 

The recent period of low global oil and gas prices has led to an increased incentivisation to streamline and rationalise the hydrocarbons sector’s administrative and corporate structures. Oman is a key player in this attempt to streamline, and recently there has been significant merging and rebranding of organisations that have traditionally...

 

In what ways will Orpic’s planned expansions boost Oman’s energy security?

Chapter | Energy from The Report: Oman 2019

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 a strategic shift towards economic diversification, activity in the hydrocarbons sector still attracts a large share of domestic and foreign investment, with this pattern...

Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.

Oman has moved to diversify its energy mix with the commissioning of new renewables projects, while the partial privatisation of downstream services looks set to generate opportunities for both domestic and international investment.

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