~80%
share of oil and gas revenues in government income (2019)
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This analysis includes a comprehensive Oman energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
~80%
share of oil and gas revenues in government income (2019)
48 Mt
oil production in 2019
30%
renewables in power generation in 2030
Abstract
Institutions & Energy Policy
The Ministry of Energy and Minerals (MEM - formerly Ministry of Oil and Gas)manages the hydrocarbons sector.
The Ministry of Housing, Electricity & Water (MHEW) is responsible for the planning and management of the electricity sector.
Energy Supply
Gas:
The production of natural gas is increasing regularly (3%/year since 2010) and reached 41 bcm in 2019, or almost 4 times the level of 2000.
Energy Prices
Oil:
The prices of gasoline and diesel almost doubled between 2015 and 2019 to 0.65 US$/l and 0.55 US$/l, respectively. This is a result of the 2016 deregulation of oil prices. In 2020, prices decreased by 10%, following international prices, and stood at US$ 0.49/l and US$ 0.59/l, respectively.
Graph: GASOLINE & DIESEL PRICES (US$/l)
Energy Consumption
Total consumption of energy per capita amounts to 5.1 toe (2019), i.e. three times higher than the global average. Per capita electricity consumption reached 6.7 MWh in 2019.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Gas:
The political objective of reducing the country's dependence on oil, as well as the forecasts regarding the depletion of the reserves in the next twenty years, have led the Sultanate to focus on the development of gas.
Below is a list of the Oman energy market report graphs:
In the Oman energy market report you will find the following tables:
The Oman energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Oman country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Oman country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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