Oman's economy is heavily reliant on oil exports for revenue, though diversification into natural gas production has mitigated this to a degree. Roughly two-thirds of Oman's total energ consumption comes from natural gas and the remainder comes from oil, reflecting the country's relative abundance of oil and natural gas reserves. Oman's future domestic energy consumption plans call for increased use of natural gas in energy generation in order to free up more oil for export.
| Proven Oil Reserves (January 1, 2009E) |
5.5 billion barrels (includes half of Neutral Zone) |
| Oil Production (2008E) |
760,000 barrels per day of which 88% was crude oil. |
| Major Oil/Gas Ports |
Mina Al-Fahal |
| Major Oil Fields |
Yibal, Qarn Alm, Athel-Marmul, Bahja-Rima-Jalmud, Nimr, Karim Cluster, Harweel Cluster, Mukhaizna, Safah |
