Middle East / Africa
Country profile: Oman
| Location: | Middle East, bordering the Arabian Sea, Gulf of Oman, and Persian Gulf, between Yemen and UAE |
| Climate: | dry desert; hot, humid along coast; hot, dry interior; strong southwest summer monsoon (May to September) in far south |
| Terrain: | central desert plain, rugged mountains in north and south |
| Size: | 212460 sq. km total (Land area: 212460 sq. km ) |
| Population: | 3,311,640 |
| Languages: | Arabic (official), English, Baluchi, Urdu, Indian dialects |
| Government: | monarchy |
| Capital city: | Muscat |
| Legal system: | based on English common law and Islamic law; ultimate appeal to the monarch; has not accepted compulsory ICJ jurisdiction |
| Currency: | Omani rial (OMR) |
| Licensing: |
Country profile
Oman’s economy is heavily reliant on oil revenues, which account for about 75 percent of the country’s export earnings and 40 percent of its gross domestic product (GDP). During 2006, Oman’s real GDP grew at an estimated rate of 4.2 percent, down from 5.7 percent in 2005. The slowdown in economic growth occurred largely as a result of declining oil production in Oman. To help offset these declines, the government has devoted considerable resources to new exploration and production activities, enhanced oil recovery projects, and introduced policies aimed at diversifying the country’s economy away from the oil sector.
The development of natural gas reserves in Oman is a central part of this effort, and natural gas production is likely to expand considerably during the next several years. All of Oman’s domestic energy consumption is supplied by natural gas and oil, reflecting the country’s relative abundance of oil and natural gas reserves.
Energy production and consumption
| Oil | Gas | |
| Production: | 740,000 bbl/day (2006 est.) | 18 billion cu m (2005 est.) |
| Consumption: | 66,000 bbl/day (2006 est.) | 8 billion cu m (2005 est.) |
| Exports: | 733,100 bbl/day (2006 est.) | 10 billion cu m (2005 est.) |
| Imports: | 15,440 bbl/day (2006 est.) | |
| Reserves: | 4 billion bbl (2007 est.) | 795 billion cu m (1 January 2006 est.) |
| Major fields: |
Oman - recent news
| 12 Dec 24 |
Oman: TotalEnergies and OQAE sign agreements to develop 300 MW of renewable projects In line with its multi-energy strategy in the Sultanate of Oman, TotalEnergies has announced, together with its partner OQ Alternative Energy (OQAE), the National Renewable Energy Champion, the signing of landmark agreements to develop 300 MW of renewable energy projects in the country. |
| 11 Dec 24 |
Oman: Tethys Oil announces production update November 2023 Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in November 2024 amounted to 244,545 barrels of oil, corresponding to 8,152 barrels of oil per day. |
| 05 Dec 24 |
Oman: bp awards three-year extension to EPC contract in Oman A joint venture of Worley and Special Technical Services LLC (STS) has received a three-year contract extension to provide Engineering, Procurement and Construction (EPC) services to bp’s Block 61 (Khazzan and Ghazeer) gas assets in the Sultanate of Oman. |
| 27 Nov 24 |
Oman: Tethys Oil commences flow testing of the Kunooz-1 exploration well, Block 58 onshore Oman Tethys Oil reports that flow testing of the Kunooz-1 exploration well, Block 58 onshore Sultanate of Oman, has commenced. Preliminary results from the testing are expected in ten to 15 days. |
| 26 Nov 24 |
Oman: Tethys Oil's development plan approved for Block 56 onshore Oman The Field Development Plan ('FDP') for Block 56 has been approved by the Ministry of Energy and Minerals. The approved FDP for Block 56 includes the development of the Al Jumd, Menna and Sarha discoveries as well as further exploration potential with several leads and prospects. Development activities will begin in 2025. |
Oman - more news
Other countries in this region
- Algeria,
- Angola,
- Bahrain,
- Benin,
- Botswana,
- Burundi,
- Cameroon,
- Central Africa Republic,
- Chad,
- Comoros,
- Congo (Brazzaville),
- Congo (Democratic Rep.),
- Cote d'Ivoire,
- Djibouti,
- Egypt,
- Equatorial Guinea,
- Eritrea,
- Ethiopia,
- Gabon,
- Gambia,
- Ghana,
- Guinea (Republic),
- Guinea Bissau,
- Iran,
- Iraq,
- Israel,
- Jordan,
- Kenya,
- Kuwait,
- Lebanon,
- Liberia,
- Libya,
- Madagascar,
- Malawi,
- Mali,
- Mauritania,
- Mauritius,
- Morocco,
- Mozambique,
- Namibia,
- Niger,
- Nigeria,
- Palestine,
- Qatar,
- Rwanda,
- Sao Tome,
- Saudi Arabia,
- Senegal,
- Seychelles,
- Sierra Leone,
- Somalia,
- Somaliland,
- South Africa,
- South Sudan,
- Sudan,
- Syria,
- Tanzania,
- Togo,
- Tunisia,
- Uganda,
- United Arab Emirates,
- Western Sahara,
- Yemen,
- Zambia,
- Zanzibar,
- Zimbabwe
