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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 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.


  • The country pledged to reduce GHG emissions by 7% in 2030.
  • It launched an electricity spot market in 2022.
  • Private companies account for around 90% of the power production.
  • Petroleum Development Oman accounts for around 60% of oil production.
  • Natural gas represents 97% of the power mix.
  • Two large solar projects totalling 2.5 GW were commissioned in 2021.
  • The price of oil products almost doubled between 2015 and 2021, following their liberalisation.
  • Power prices for industrial customers are much higher than in neighbour countries.
  • The country has a very high energy consumption per capita due to energy-intensive industrial production.
  • Buildings absorb 83% of the electricity consumption.
  • Oman wants to develop gas production to face oil depletion.
  • A new leasing round for onshore and offshore oil blocks was launched in 2021.
  • Green hydrogen and ammonia projects totalling 1.2 GW are planned at the port of Duqm.
share of gas in the power mix (2021)
GHG emission reduction target for 2030
1.2 GW
planned capacity green hydrogen projects
  • 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 increased by 9% in 2021 to 44 bcm (i.e., almost 4 times the level of 2000). It increased regularly over 2010- 2019 (3.7%/year).

  • Energy Prices


    In the context of low crude oil prices, falling export revenues and a soaring budget deficit, the government introduced a subsidy cut for large industrial, commercial and government users in 2017; it also implemented new tariffs that reflect actual supply costs and vary according to peak hours and season. This new model could enable up to US$260m/year in savings for the government.

  • Energy Consumption

    Total consumption of energy per capita amounts to 5.3 toe (2021), i.e. three times higher than the global average. Per capita electricity consumption reached 6.8 MWh in 2021.


  • 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.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2021, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2021, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2021, %)
  • GRAPH 9: Final consumption market share by sector (2021, %)
  • 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.

The Oman energy market data since 1990 and up to 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).