The economy of Oman is rural and agrarian. Oman's current GDP per capita has expanded continuously in the past fifty years. It grew 339% in the 1960s reaching a peak growth of 1,370% in the 1970s scaling back to modest 13% growth in the 1980s and rising again to 34% in the 1990s.
Muscat is the capital city and is the most populated city in Oman. It is the seat of the Governorate of Muscat. According to the National Centre for Statistics and Information (NCSI), the total population of Muscat Governorate was 1.4 million as of September 2018. The metropolitan area spans approximately 3,500 km2 (1,400 sq mi) and includes six provinces called wilayat. Known since the early 1st century AD as an important trading port between the west and the east, Muscat was ruled by various indigenous tribes as well as foreign powers such as the Persians, the Portuguese Empire, the Iberian Union and the Ottoman Empire at various points in its history. A regional military power in the 18th century, Muscat's influence extended as far as East Africa and Zanzibar. As an important port-town in the Gulf of Oman, Muscat attracted foreign tradesmen and settlers such as the Persians and the Balochis. Since the ascension of Qaboos bin Said as Sultan of Oman in 1970, Muscat has experienced rapid infrastructural development that has led to the growth of a vibrant economy and a multi-ethnic society. Muscat is termed as a Beta - Global City by the Globalization and World Cities Research Network.
Mina' al Fahal is a coastal area in the northeast of Oman, near to the country's capital, Muscat. It was renamed from Saih al Maleh as the petroleum processing plant was developed. It is a key area for the country's petroleum operations. Petroleum Development Oman (PDO) is based at Mina al Fahal, and the Oman Refinery Company (ORC) has a 104,000 b/d oil refinery located here. Crude oil and refinery products are loaded onto tankers off Mina Al Fahal by subsea pipeline and SBM Systems. Two of the SBMs are owned by PDO for crude export and the third is owned by SOM.
Petroleum Development Oman (PDO) is the leading exploration and production company in the Sultanate of Oman. The Company delivers the majority of the country's crude oil production and natural gas supply. The Company is owned by the Government of Oman, Royal Dutch Shell (34%), Total (4%) and Partex (2%). The first economic oil find was made in 1962, and the first oil consignment was exported in 1967.
Fahud is a permanent oil camp and oil field in the middle of the central plain area of Oman, named after the nearby Jebel Fahud believed to mean "Leopard Mountain" from the time when wild leopards roamed the area. The main oil camp is owned by Petroleum Development Oman (PDO), the national oil company.
Ruwi is a commercial hub and the main business area of Muscat, the capital of the Sultanate of Oman. Among the key attractions here is a variety of multi-confessional religious buildings, an interesting and informative National Museum, and a beautiful Clock Tower and Park. Take the following tour to discover this wonderful part of Muscat. 85601 people live there.
The Dubai Mercantile Exchange (DME) is a commodity exchange based in Dubai currently listing its flagship futures contract, DME Oman Crude Oil Futures Contract (OQD). Launched in 2007, the DME aims to become the crude oil pricing benchmark for the Asian market with its Oman Crude Oil contract, like the Intercontinental Exchange’s (ICE) North Sea Brent is to Europe and the New York Mercantile Exchange’s (NYMEX) West Texas Intermediate is to North America.
The Dolphin Gas Project is the natural gas project of Qatar, the United Arab Emirates, and Oman. It is the Gulf Cooperation Council's first cross-border refined gas transmission project and the largest energy-related venture ever undertaken in the region.
Oman LNG is a LNG plant in Qalhat near Sur, Oman. The company was established by the Royal decree of Sultan Qaboos of Oman in 1994. The construction was launched in November 1996, and the plant was commissioned in September 2000. Oman LNG operates three LNG trains with a total capacity of 10.4 million tonnes per year. The company's production facilities are located on the coast at Qalhat near Sur in the South Sharqiyah Governorate, Oman.
The Oman Children's Museum is a children's science museum, located near Qurum Nature Park off Sultan Qaboos Street in a white-domed building in Muscat, Oman.
OQ is a national petroleum investment company of Oman. It is wholly owned by the Government of Oman. In addition to the oil and gas exploration and production, the company also invests in power generation, energy transportation and infrastructure, oil refining, and petrochemicals manufacturing. It has invested to over 50 projects across 15 countries.
Solar thermal enhanced oil recovery is a form of thermal enhanced oil recovery (EOR), a technique applied by oil producers to extract more oil from maturing oil fields. Solar EOR uses solar thermal arrays to concentrate the sun's energy to heat water and generate steam. The steam is injected into an oil reservoir to reduce the viscosity, or thin, heavy crude thus facilitating its flow to the surface. Thermal recovery processes, also known as steam injection, have traditionally burned natural gas to produce steam. Solar EOR is proving to be a viable alternative to gas-fired steam production for the oil industry. Solar EOR can generate the same quality steam as natural gas, reaching temperatures up to 750 °F and 2,500 PSI.
Energy use in Oman was 175 TWh and 61 TWh per million people in 2009. In 2008, primary energy use in Oman grew to 191 TWh and 69 TWh per million people.
GlassPoint Solar is a private company founded in 2009 that designs and manufactures solar steam generators that use solar thermal technology to generate steam for industrial processes.
Dr Mohammed bin Hamad Al Rumhi is the current Minister of Oil and Gas in the Sultanate of Oman and the Chairman of the Board of Directors of Petroleum Development Oman. He has been the Minister of Oil and Gas since December 16, 1997, which is evidence of how highly regarded and respected he is in his role.
Mohammed bin Ali bin Mohammed Al Barwani is an Omani billionaire businessman, the founder and chairman of MB Holding Group of companies, which operate in oil and gas exploration and production, oilfield services, engineering and mining.
Miraah is a solar thermal energy plant that is under construction in Oman for the production of steam for solar thermal enhanced oil recovery. In July 2015, Petroleum Development Oman and GlassPoint Solar announced that they signed a $600 million agreement to build the 1 GWth solar field. The project will be one of the world's largest solar field measured by peak thermal capacity.
Al Maha Petroleum Products Marketing Company, also known as Al Maha, is a petroleum company based in Oman. The company is named for the Arabian Oryx.
