Oil and Natural Gas

Oil and gas sector

The oil and gas sector is a major supporter of economic and social development in the Sultanate of Oman. The Sultanate has total oil reserves of 4.8 billion barrels and natural gas reserves of 23 trillion cubic feet.

New exploratory surveys were conducted in 2022 with a view to developing the sector by increasing the number of producing wells. Moreover, additional investment was focused on expanding the potential of value added projects.