A decade of rapid development in Oman has seen the sultanate’s population jump, while rising industrialisation and new construction projects have bolstered economic diversification under the Vision 2020 economic development plan. This has not come without costs, however, and natural gas consumption has sky-rocketed in recent years, driven by heavy new demand in the...
The sultanate’s geographic position on the Arabian Peninsula, in close proximity to the Arabian Gulf and the Gulf of Oman, but outside the Strait of Hormuz, has given it the region’s best access to one of the world’s most important energy corridors. Following several years of declining output in the 2000s, plans are under way to increase crude oil production, and the...
Over the past 10 years, Oman’s maturing oilfields have increasingly relied on enhanced oil recovery (EOR) technologies, which have seen current production return close to levels not witnessed in 15 years. With EOR expected to comprise a quarter of state-owned Petroleum Development Oman’s (PDO) total oil production by 2020, the sultanate has seen natural gas usage in...
At a time when miners around the world are pulling back capital expenditures, which is in turn limiting production growth, investment is pouring into Peru and fuelling what may become a copper boom. Several large-scale copper projects – often called megaproyectos in Peru – are due to begin production between 2015 and 2017. These projects have the...
The growth of the mining sector, driven by a sharp rise in commodity prices, spurred Peru’s economy to the fastest sustained growth rate in Latin America during much of the past decade. The sector drew in billions of dollars in investment and drove the emergence of a new middle class with levels of disposable income that had never been achieved in Peru.
of rapid transformation. Energy demand was still low ten years ago when the country depended almost entirely on hydroelectric power in addition to petroleum imports to meet its needs. At that time, Peru still had limited oil production, no production of natural gas and little to speak of in terms of energy exports. Today, by contrast, the country is among the leading producers...
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