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Energy Report Oman Product Image

Energy Report Oman

  • ID: 2105418
  • June 2014
  • Region: Oman
  • 10 Pages
  • The Economist Intelligence Unit

At an average of 8.4% a year in 2014-18, energy consumption will grow faster than real GDP growth, which The Economist Intelligence Unit forecasts will average 3.9% a year over the same period. Annual energy consumption will rise from 32.4m tonnes oil equivalent (toe) in 2014 to 44.5m toe in 2018.

Growth in energy consumption is driven by the increase in demand for electricity by both the residential and the industrial sector. The government subsidises gas that is allocated to industrial projects, to promote growth and encourage foreign companies to undertake projects in the sultanate. The direct government subsidy on electricity supplied through the Main Interconnected System (MIS) amounted to US$717m in 2012.

In January 2013, in an attempt to curb these rapidly rising subsidy costs, the authorities unveiled plans to double natural gas prices for some industrial consumers by 2015.

Industry List: Alternatives, Energy, Coal, Energy, Electricity, Energy, Energy, Energy, Nuclear, Energy, Oil and gas
Industry Codes (NAIC): 22
Industry Codes (SIC): 49

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Energy Report Oman

Energy report

Energy report: Overview

Energy report: Energy policy

Energy report: Oil and gas

Energy report: Electricity

Energy report: Coal

Energy report: Nuclear

Energy report: Alternative energy

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Note: Product cover images may vary from those shown

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