Stepping up efforts to capitalise on its hydrocarbons wealth, Oman is boosting its downstream industrial capacity by expanding the petrochemicals sector and providing the fuel stocks needed to power other industries. However, the success of this programme still pins much of the country’s economic growth on its oil and gas resources. The...
Oman Energy
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Articles & Analysis | Boosting industry: Expanding downstream capacity will add value to raw materials from The Report: Oman 2013
Articles & Analysis | Between a rock and a hard place: Fracking is the most efficient method for accessing deep reserves from The Report: Oman 2013
The sultanate has a proven track record in the extraction of unconventional oil and gas. Its Block 61 project, undertaken with BP, is one of the most ambitious tight gas drilling projects in the world and, in the view of many in the industry, the technology employed there represents the future of gas production in the sultanate. “In Oman,...
Articles & Analysis | Balance of power: The industry is looking to both expand and transition to advanced methods and technologies from The Report: Oman 2013
The Gulf is often synonymous with “easy” oil, massive reservoirs that sit invitingly on Jurassic or Cretaceous shelf limestones. Oman’s hydrocarbons wealth, however, has proven a more challenging proposition. Dispersed in complex clusters, the difficulties associated with exploiting the sultanate’s oil and gas reserves have made the nation a...
Articles & Analysis | At all costs: Spending plans keep pace with a rise in unconventional projects from The Report: Oman 2013
One of the achievements of Oman’s national economic strategy in recent decades is the successful utilisation of its hydrocarbons wealth to bring about societal development in successive five-year plans. Revenues from the sultanate’s oil and gas industry have been diverted towards health care and education initiatives that have brought about...
At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
Increasing demand for power and water and an expanding role for private sector firms are the two most significant factors currently affecting Oman’s utilities sector. This is motivating the government to expand capacity, which in turn is bringing about a restructuring in the sector, creating new opportunities for private and international firms. Efforts are also under way to encourage energy...