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...
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Articles & Analysis | At all costs: Spending plans keep pace with a rise in unconventional projects from The Report: Oman 2013
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...
Oman may have huge hydrocarbons wealth, but accessing oil and gas supplies has long proved a challenge. More positively, the difficulties associated with exploiting oil and gas reserves – which are dispersed in complex clusters – have made the nation a global leader in advanced hydrocarbons recovery techniques. For international oil companies with the capacity for enhanced oil recovery techniques...
Articles & Analysis | The natural way: Tapping into renewable energy sources from The Report: Malaysia 2012
Naturally endowed with thousands of kilometres of rivers, abundant sunshine, a vibrant agricultural sector producing plenty of biomass and even the odd geothermal hotspot, Malaysia’s renewable energy (RE) segment has the ability to transform the country’s energy sector. According to the Sustainable Energy Development Authority Malaysia (SEDA...
Articles & Analysis | Power hungry: Efforts to attract more private investment into the electricity sector from The Report: Malaysia 2012
Driven by a growing industrial base and rising income levels, which are nudging up consumption levels, Malaysia’s electricity demand is expected to equal the OECD average by 2030. While the country has a comfortable supply and demand electricity buffer, with a total installed capacity of 24,257 MW compared to a peak demand of 17,316 MW in 2011,...