Oman

Oman has emerged as an upstream hotspot, with majors flocking to expand their footprint in a bid to emulate the successes of the BP-led Khazzan tight gas field.

State of Play

The sultanate has kept oil output at around 1mn b/d in recent years. But the real story is Oman’s gas renaissance. Oman is exporting around 12mn t/y of LNG on the back of recent capacity expansion and new projects are on the horizon.

2024 In Numbers

Crude Output	762,000	b/d
Gas Output	5.26	bn cfd
LNG Exports	12.06	mn tons
Power Capacity	11.3	GW
Renewable Capacity	1.7	GW

Economics & Finance

27 Jun, 2025

Featured

Oman To Introduce Income Tax: Symbolism or Diversification?

In a first for the GCC, Oman has passed legislation to levy income tax from 2028. Although relatively few will pay the tax, it is highly symbolic.

Oman’s State Revenues Have Followed The Swings In Oil Prices Over The Years ($bn)

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NEWS IN BRIEF

Oman Offshore Reserves Boost

27 Jun, 2025

Oman: IOCS Withdraw From Block 12

13 Jun, 2025

Oman: PDO Invites Firms To Tap Heavy Oil

23 May, 2025

Oman: Abraj To Drill In Block 61

16 May, 2025

Oman: OQ Ink $2bn In Deals

16 May, 2025

Oxy Steps On The Gas In Oman

9 May, 2025

Oman: Marsa LNG Advances

2 May, 2025

Oman: State Renewable Stakes

18 Apr, 2025

OQEP Net Gas Output (Mn Cfd) Steadily Rises

While Liquids Output Declines Following Block 60 Farm-Out(‘000 b/d)

Tethys Working Interest Output* Is Down 40% From 2019's Peak ('000 b/d)

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Middle East