Oman Energy

Chapter | Mining from The Report: Oman 2020

Significant legislative developments in 2019 laid the groundwork for growth in Oman’s mining sector. The full extent of the country’s mineral wealth has only recently been realised, and with a number of projects under way across the sultanate, the sector has strong potential to affect positive economic diversification. At the same time, a welcoming climate for foreign investment and rapidly...

The year 2020 marks the 50th anniversary of the establishment of the Sultanate of Oman, making it the longest continually independent Arab country in modern history. The year also marks the passing of Sultan Qaboos bin Said Al Said, who died on 10 January. He is succeeded by his cousin and the former minister of culture, Sultan Haitham bin Tariq Al Said.

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The year 2020 marks the 50th anniversary of the establishment of the Sultanate of Oman, making it the longest continually independent Arab country in modern history. The year also marks the passing of Sultan Qaboos bin Said Al Said, who died on 10 January. He is succeeded by his cousin and the former minister of culture, Sultan Haitham bin Tariq Al Said.

 

Significant legislative developments in 2019 laid the groundwork for positive growth in Oman’s mining sector. The full extent of its mineral wealth has only recently been realised, and with a number of projects under way across the sultanate, the sector has strong potential to affect positive economic diversification of the country. At the...

 

The abundance of mineral resources in Oman has long been known, however, its full potential has only recently been tapped. The non-metallic mineral limestone has a purity of 99.8%, the highest in the world, and gypsum, of which Oman is the largest exporter globally, provide a steady source of GDP for the sector. However, the most notable...

 

The downstream segment is rapidly growing its refining and petrochemicals capacity, while plans are under way to bring gas-to-liquids (GTL) technology to Oman for the first time. As a backdrop to these developments, the integration of the Oman Oil Company (OOC) and the Oman Refineries and Petroleum Industries Company (ORPIC) into the newly...

 

How will the integration of Oman Oil and Orpic Group into OQ redefine your strategy?

 

The exploration and production (E&P) of natural gas reserves is defining advancements in Oman’s upstream segment, with the sultanate pursuing a policy of inviting major global players to develop reserves of non-associated gas. Since the successful commissioning of the Khazzan tight gas project in 2017, which added 1bn standard cu feet per...

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