As of the end of 2012, Oman had 12.18tn cubic feet (tcf) of proven gas reserves and expected reserves of 17.82 tcf, according to the Ministry of Oil and Gas. Thanks to ongoing exploration efforts, new discoveries mean that the country’s proven reserves have not depleted over the past decade, despite growing consumption – they stood at 31.8 tcf...
For decades the energy sector has acted as the key driver of Oman’s economy and it continues to take centre stage in the sultanate’s development. A major magnet for foreign investment, and home to a range of growing domestic players, the sector looks set to continue attracting attention as Oman aims to accelerate growth and meet rising domestic...
Exports of crude oil and natural gas continue to play a central role in the sultanate’s economy. Oil exports grew in 2012 and 2013, boosting national revenues at an important time, with the country pulling out of an economic slowdown and preparing a wide-ranging infrastructure investment programme.
One of the most open in the region to foreign investment and private ownership of assets, Oman’s utilities sector is expanding to meet growing demand for power and water. Independent water and power plants (IWPPs) and independent power plants (IPPs) are flourishing under the sultanate’s investor-friendly Sector Law, enjoying healthy profits from...
The nature of Oman’s geology and the locations of its proven crude oil reserves mean that the sultanate has had to become a pioneer in the area of enhanced oil recovery (EOR) technology. EOR includes a range of techniques for extracting oil from geologically difficult reservoirs. As Oman’s more easily accessible reserves deplete over the coming...
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...
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