The Sultanate has steadily maintained oil output at just shy of 1mn b/d in recent years. But the real story is Oman's gas renaissance. Oman LNG is operating near its 10.5mn t/y capacity on the back of BP's Khazzan start up. And new projects are on the horizon.
| Crude Output | 752 | mn b/d |
| Condensate Output | 219 | mn b/d |
| Oil Rig Count | 38 | - |
| Gas Rig Count | 5 | - |
| GDP Growth | 3.5 | % |
12 Aug, 2022
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Oman is well on track for its first annual surplus since 2008. Already for 1H 2022 the surplus was over $2bn, a near-$5bn turnaround from the year-ago period. With oil and LNG export revenues continuing to rise, the sultanate is moving to pay down government debt.
12 Aug, 2022
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