Oil

Oman is the largest oil and natural gas producer in the Middle East that is not a member of the Organization of Petroleum Exporting Countries (OPEC). 

Gas

The International Gas Producers Union revealed the Sultanate’s increased sales in the spot market of liquefied gas with increasing production rates. The Union expected that the Sultanate's total exports of gas during the year 2019 will reach a maximum capacity of 10.3 million tons. It is noteworthy that the Sultanate entered the list of the 10 largest gas exporting countries last year, ranking ninth in the world and second in the Arab world. The Sultanate’s contribution to world gas exports is 3%.

Oil & Gas

The hydrocarbons sector remains the government’s largest source of revenue.

Petroleum Development Oman holds most of Oman's oil reserves and is responsible for more than 70% of its crude oil production. Occidental Petroleum has the largest presence of any foreign firm and is Oman's largest independent in Oman include Shell, Total, Partex, BP, CNPC, KoGas and Repsol. By the end of 2013, there were exploration and production activities in all 31 of Oman's exploration blocks.

 

PDO

is responsible for more than 70% of Oman’s crude oil production.