Oman energy report

• Institutions & Energy Policy

  The Ministry of Oil and Gas (MOG) manages the hydrocarbons sector.

  The Ministry of Housing, Electricity & Water (MHEW) is responsible for the planning and management of the electricity sector.

• Energy Supply

  Oil:

  Oil production is increasing moderately (2%/year from 2010 to 2018), reaching 48 Mt in 2018. This increase resulted from enhanced oil recovery techniques and the development of new fields, in particular the commissioning of the Western Bukha field and the Makhaizna field. From 2001 to 2007 oil production declined due to maturing oil fields, dropping from a peak of 50 Mt in 2001 to 38 Mt.

• Energy Prices

  Electricity:

  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 per year savings for the government.

• Energy Consumption

  Total consumption of energy per capita amounts to 5.4 toe (2018), i.e. three times higher than the global average. Per capita electricity consumption reached 6.9 MWh in 2018.

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  

• Issues & Prospects

  Electricity:

  In its last 7-year development plan (2018-2025), OPWP has forecast a peak demand growth of around 5% per year, from 6 200 MW in 2018 to 8 600 MW in 2025 and an electricity demand also growing at the same rate from 33 TWh to 46 TWh. Several gas-fired projects are being developed to meet the demand.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

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

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2018, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2018, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Consumption trends by energy source (Mtoe)
• GRAPH 7: Total consumption market share by energy (2018, %)
• GRAPH 8: Final consumption market share by sector (2018, %)

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.

The Oman energy market data since 1990 and up to 2018 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).