HIGH QUANTITY PETROLEUM PRODUCTION
Oman’s petroleum and other liquids production averaged more than 1 million barrels per day in 2016, its highest production level ever.
HIGHLY COMPETITIVE INFRASTRUCTURE
Oman has two operating refineries with a combined capacity of 222,000 barrels per day (b/d) and plans to expand existing refinery capacity by 81,000 b/d by 2018.
FUTURE DEVELOPMENT PLANS
By 2019, Oman plans to construct a new refinery with a total capacity of 230,000 b/d near Duqm, a port town on the Arabian Sea.
The country also plans to build a 200-million-barrel crude oil storage terminal at Ras Markaz, south of Duqm, which would be one of the world's largest crude oil storage facilities.