PDO has been active in renewables and aims to raise production to a "sustainable plateau"
PDO outlines stiff 2030 emissions targets
Beyond a flashy pledge of long-term carbon-neutrality lie some meaningful medium-term goals that could substantially speed up Muscat’s lagging decarbonisation efforts
Scepticism was the reaction when state-controlled Petroleum Development Oman (PDO), the sultanate’s main oil producer, unveiled plans in early September to become carbon-neutral by 2050. Like the government’s ‘goal’ to cut historic economic dependence on hydrocarbons by more than three-quarters within two decades, PDO’s superficially eye-catching aim essentially rebrands physical inevitability as environmental virtue. The country’s reserves/production ratio stood at a mere 15.4 years at end-2020, according to BP’s latest Annual Statistical Review. Barring the improbable discovery of a long-elusive elephant, Oman will have little crude left to pump by mid-century. PDO’s task since the early 2
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
