Oman’s Oil and gas industry continues to play a major role in the country’s economy. Despite government efforts to diversify oil and gas away from the economy, "The sector remains the largest in Oman and it is still growing."
(The Report, Oman 2014, Oxford Business Group)
In recent years, Oman has put into place a successful program to boost oil output in order to meet increasing domestic demand, and which continues to attract foreign investment and partnerships.
The Ministry of Oil and Gas is focusing on the increased use of enhanced oil recovery (EOR) techniques, which is targeted to account for 22 per cent of oil output by 2021. Currently, EOR applications account for a considerable share of Oman’s gas consumption.