Outlook 2024: Oman – Taking a leading role in the global energy transition
Oman offers an attractive destination for investment in the energy transition
The Omani energy sector, which has long been synonymous with oil and gas production, is set to take on a leading role in addressing the energy transition, with positive domestic, regional and international implications. According to the IEA, Oman has set out an ambitious strategy to derive 30% of electricity from renewable sources and to be producing 1mt of hydrogen by 2030. In following this ambitious strategy, Oman is embarking on a transformative journey given that it continues to rely on oil and gas for around 30% of its GDP. Its goal is to emerge as a leader in the global energy transition, diversifying the country’s exports while reducing its own reliance on fossil fuels and lowering i
Also in this section
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
