The energy sector in Oman is undergoing a period of transition, balancing its reliance on hydrocarbons with ambitious plans under Vision 2040. Investment across all sectors between 2025 to 2032 is expected to total $97.48 billion, reflecting the country’s commitment to both sustaining its oil and gas industry and advancing renewable energy and decarbonisation efforts.
Oil and gas remain the backbone of Oman’s economy, with the sector increasingly focused on Enhanced Oil Recovery (EOR) techniques as fields mature. Petroleum Development Oman (PDO) continues to lead the country’s decarbonisation efforts. In the midstream segment, Oman’s strategic position as a logistics and energy hub is particularly significant, with key ports such as Duqm and Sohar playing a central role in facilitating regional and global energy trade. Meanwhile, the downstream sector continues to face delays and challenges, even as the country strives to expand its economy and extract greater value from its oil and gas resources.
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