Energy Report Oman
2012 MAY 11 - (VerticalNews.com) -- Dublin - Research and Markets (http://www.researchandmarkets.com/research/wpr273/energy_report_oman) has announced the addition of the "Energy Report Oman" report to their offering.
In 2012-16 energy consumption will grow faster than economic growth at an average of 11.5% a year (real GDP growth is forecast to average 5% in the same period). Annual energy consumption will rise from 18.6m tonnes oil equivalent (toe) in 2012 to 29.3m toe in 2016.
Growth in energy consumption is driven by the increase in demand for electricity both by the residential and the industrial sector. The government subsidises gas that is allocated to industrial projects, to promote growth and encourage foreign companies to undertake projects in the sultanate. The total subsidy for 2012 is expected to hit OR126m (US$327.7m) compared with OR114m in 2011.
Oman will continue to rely on hydrocarbons for its energy consumption in the forecast period. Natural gas will consistently constitute more than 70% of Oman's energy consumption with petroleum products making up the rest.
Industry List: Coal, Energy, Electricity, Energy, Energy, Energy, Nuclear, Energy, Oil and Gas
Industry Codes (NAIC): 22
Industry Codes (SIC): 49 Key Topics Covered: Energy Report Oman
Market data at a glance
Energy report: Overview
Energy report: Energy policy
Energy report: Oil and gas
Energy report: Electricity
Energy report: Coal
Energy report: Nuclear
Energy report: Alternative energy
For more information visit http://www.researchandmarkets.com/research/wpr273/energy_report_oman
Keywords: Oil & Gas.
This article was prepared by VerticalNews Economics editors from staff and other reports. Copyright 2012, VerticalNews Economics via VerticalNews.com.