MUSCAT: Sultanate of Oman is a country whose economy is based mainly on the exporting of oil. Despite this, the authorities there are very careful with regard to natural resources, believing that they will be in short supply sooner or later. In this regard, there are various events aimed at promoting the country among foreign tourists. In addition, in the territory of Oman there has been research that positively affects the development of metallurgy, plastics industry and gas production. It should be noted that the government tries to support and allocate the necessary parts of this or that sphere.
Despite the fact that Oman is a country producing petroleum products, it is not part of OPEC. But this does not mean that the country cannot be independent in this sphere. They still have to reckon with the leaders in this field states. For example, a month ago, representatives of Oman declared their readiness to reduce oil production by supporting OPEC and encouraging other states to do the same. Based on the latest data, it can be said that oil and gas are and — even for an extended period — will remain the leading areas that fill the state budget of Oman. Regarding the question of the oil exports’ volume and to its direction, we turn to the following scheme, which clearly shows all the necessary data.
