Looking to maximise the benefit of its hydrocarbons reserves, Oman is investing in downstream oil-and-gas activities, including a new petrochemicals plant and an expansion at one of its refineries.
Oman Energy
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Solar energy looks set to play a growing role in Oman’s energy mix as the Sultanate moves to address the two-fold challenge it faces of meeting rising demand for electricity while reducing state support for the power sector.
Extensive plans to shift the focus of Oman’s oil export capacity away from the crowded Gulf waterways are gathering pace, led by the establishment of the newly-formed Oman Tank Terminal Company which will build, own and operate a huge storage facility positioned along the Sultanate’s eastern coast.
Articles & Analysis | Power-up: The Salalah region will see improvements to its electricity grid from The Report: Oman 2013
As economic activity continues to expand outside of the capital, steps are being taken to meet a growing demand for increased infrastructure. One notable example is the effort to expand power generation capacity in Salalah, the capital of the Dhofar region.
Articles & Analysis | Duqm delivers: Dramatic economic growth is reshaping this port town from The Report: Oman 2013
Some of the most dramatic economic growth outside of Oman’s capital can be found in the port town of Duqm. Located approximately 550 km to the south of Muscat in the Al Wusta region, Duqm was a small fishing community in the 1950s when a team arrived to begin oil exploration in the area. Today economic activity in the town focuses on the...
Articles & Analysis | Potential for continued success: The country’s three major marketing firms have seen healthy growth from The Report: Oman 2013
Three major marketing companies take lubricant and fuel products from the Oman Refineries and Petrochemicals Company and distribute them to retail, commercial and aviation customers across the sultanate. The market they share is a fiercely competitive one, but the most recent figures reveal a healthy sector with capacity for growth.