Oman energy report

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.

Oman energy report
April 2021
3 files (PDF report, 2 Excel files)
28 (Report only)

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  • The electricity supply will move from a PPA-model to a spot market in 2021.
  • The country aims to reach 30% of renewables in power generation by 2030.
  • Private companies account for around 90% of the production. The transmission company was partially privatised in 2019.
  • Petroleum Development Oman accounts for around 60% of oil production.
  • The country exports 35% of its gas production as LNG.
  • Power generation growth has dropped from 9%/year between 2009 and 2016 to 3%/year since then. It is almost entirely from gas.
  • The price of oil products almost doubled between 2015 and 2019, following their liberalisation.
  • The country has a very high energy consumption per capita due to the existence of energy-intensive industrial production. Natural gas supplies 88% of the energy mix.
  • Oman wants to develop gas production to face oil depletion.
  • A capacity of 3 GW of renewables is planned for 2025.


share of oil and gas revenues in government income (2019)

48 Mt

oil production in 2019


renewables in power generation in 2030


  • 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


    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


    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.


  • 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.


  • Issues & Prospects


    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.

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Oman energy market report graphs:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Consumption trends by energy source (Mtoe)
  • GRAPH 7: Total consumption market share by energy (2019, %)
  • GRAPH 8: Final consumption market share by sector (2019, %)

List of Tables

In the Oman energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Oman Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Oman energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.


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