Oman Energy

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What are the central issues that need addressing to create a sustainable downstream support chain for Oman’s oil and gas industry?

A regional leader in the liberalisation and privatisation of its power and water utilities, Oman promotes 100% non-government ownership of generation assets. Its independent power, water, and water and power plants (IPPs, IWPs and IWPPs) are models for private investment and have brought in foreign players with the technology and capital to...

Substantial investments are being made in Oman’s midstream and downstream oil industries as it looks to meet rising demand, boost its value-added petrochemicals industry and strengthen its position as an international energy transit centre.

Electricity use, driven by a growing population and a diversifying economy, is expected to grow by almost 10% annually for the rest of the decade. Peak demand in summer is around twice that of winter, meaning that quite a lot of capacity idles for part of the year while surges in usage cause shortages at other times. The outlook suggests...

Chapter | Energy from The Report: Oman 2014

Oil and gas still take centre stage in Oman, accounting for more than half of GDP and 85% of government revenues. After a slump in 2000-07 as fields depleted, oil production is once again increasing, boosted by discoveries of new reserves and improved extraction techniques that glean more from old fields. Meanwhile, the government is looking to improve in-country value and the Omanisation of its...
As Oman looks to tap further into its maturing fields, enhanced oil recovery (EOR) techniques the country has been instrumental in pioneering are playing an increasingly central role. Ensuring steady-to-rising output levels in the hydrocarbons sector will help insulate the Sultanate from the effects of any sustained decline in global oil prices.

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