“Oman presents a very positive landscape for oil and gas activities to grow, with local talent, stable regulations and a friendly business environment.”
H.E. Mohsin Al Hadhrami, Undersecretary, Ministry of Energy and Minerals
The Energy Year Oman 2023 underlines Oman’s commitment to position itself as an innovative and sustainable player within the global energy landscape, setting the pace for an increased production of renewables, future exports of hydrogen, greener techniques for hydrocarbons recovery and the implementation of digitalised solutions able to boost efficiency and reduce costs. This edition’s pullout map details the country’s concession areas and features its latest E&P agreements.
“To ensure Oman’s future economic growth, there is an important element that is now being addressed concretely, which is economic diversification – including its implications for the country, the plans for its implementation and the strategies to finance it.”
Steve Phimister, Managing Director, Petroleum Development Oman
The Energy Year Oman 2023 highlights how, by taking advantage of its strategic geographical location and its solid reputation as a stable country, Oman wants to lead the energy transition journey by example by gradually but consistently diversifying its economy away from fossil fuels revenues, attracting more foreign investments, welcoming new business partnerships and laying the foundations for its next decade of growth in line with Oman Vision 2040.
Produced with the endorsement of the Ministry of Energy and Minerals, this eighth edition of The Energy Year’s Oman series provides a clear roadmap of where the country is heading when it comes to energy issues, shedding light on its most promising companies while highlighting the strategies of the movers and shakers of Oman’s burgeoning energy industry.