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
| 06 Aug 24 |
Oman: Wood to deliver pre-FEED for Shell’s pioneering blue hydrogen project in Oman Shell has selected Wood to deliver pre-FEED services for Oman’s innovative ‘Blue Horizons’ project. The project will produce low carbon blue hydrogen and ammonia for local and international markets and will capture and store CO2 from production. The pioneering development is expected to be the first large-scale project of its kind in Oman. |
| 25 Jun 24 |
Oman: Masirah Oil completes multi-well programme in the Yumna field, offshore Oman Masirah Oil, a subsidiary of Rex International, has announced that its multi-well programme in the offshore Yumna Field in Block 50 Oman, had been completed on 8 June 2024, ahead of the 90-day schedule and below budget. |
| 09 May 24 |
Oman: CB&I awarded contract by TotalEnergies and OQ for full containment liquefied natural gas tank in Oman CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a significant contract by Marsa Liquefied Natural Gas, a joint venture between TotalEnergies and OQ for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar. |
| 22 Apr 24 |
Oman: Technip Energies awarded a substantial contract for TotalEnergies and OQ’s Marsa LNG Project in Oman Technip Energies has been awarded a substantial contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman. The contract covers Engineering, Procurement and Construction (EPC) of a natural gas liquefaction train with an LNG production capacity of 1 Mtpa. |
| 22 Apr 24 |
Oman: TotalEnergies launches the Marsa LNG project and deploys its multi-energy strategy in the Sultanate of Oman TotalEnergies and the Oman National Oil Company have announced the Final Investment Decision (FID) of the Marsa LNG project. TotalEnergies had signed a Sale and Purchase Agreement (SPA) with Oman LNG to offtake 0.8 Mtpa of LNG for ten years from 2025, making the Company one of the main offtakers of Oman LNG's production. |
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
