Middle East · OMN · OPEC+
Oman
OPEC+ with a Gulf of Oman coastline. Some barrels and most LNG can skip Hormuz — which is why 2026 bid Oman harder than its size.
Oil production
1.1 mb/d
0.2 mb/d demand
Net oil
+0.8 mb/d
Export surplus
Gas production
42 bcm
Net +14 bcm
O&G rent
22.0%
Fiscal breakeven $72
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
5 bn bbl
Gas reserves
0.7 tcm
Refining
0.3 mb/d
LNG
15 bcm export
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil19%
- Gas81%
Inflows and outflows
What leaves. What arrives.
Oman outflows 0 kb/d crude, 14 bcm LNG. Inflows 0 kb/d crude, 0 bcm LNG.
Local crude
Priced off the waterborne tape.
No local futures contract on this board. Brent, Dubai and WTI still set the netback. Open the flows desk for the markers that moved when Maduro was ousted and when the Iran war started.
Crude flowsMapped crude
Barrels per day.
This economy is not on the mapped seaborne board. The corridors that rewired in 2026 are on Flows.
LNG out
- India7 bcm−1 bcm
- South Korea4 bcm−1 bcm
- Japan3 bcm−1 bcm
LNG in
None mapped.
Economy
Fiscal breakeven in the low $70s. Block 6 and Marsa LNG are the 2030s story. Duqm is the Indian Ocean hedge for a closed Strait.
- GDP
- $0.1 tn
- Population
- 5.2 m
- Oil intensity
- 0.8 bbl /$1k
- Oil & gas rent
- 22.0% GDP
- Hydrocarbon trade
- -14.0% GDP
- Fiscal breakeven
- $72 /bbl
- $30 oil shock
- +82.0 pp GDP
- Club
- OPEC+
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.3 mb/d (net +0.9) versus NZE 0.1 mb/d (net +0.4).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.2 | 0.2 | 0.3 | 0.3 |
| Net Zero 2050 | 0.2 | 0.2 | 0.1 | 0.1 |
| Current Policies | 0.2 | 0.3 | 0.3 | 0.3 |