Title: Oman: Mining, Minerals and Fuel Resources
Headings: Oman: Mining, Minerals and Fuel Resources
Oman: Mining, Minerals and Fuel Resources
Topics Covered
Welcome to Oman
Overview of Resources
Metals
Industrial Minerals
Fossil Fuels
Investment
Sources
G.P. Thomas

Content: The national flag of Oman. Image Credit: CIA Factbook
Oman’s middle-income economy relies heavily on its oil resources, which has been dwindling over the years. However, the economy is still sustained by increased oil production as advanced oil recovery methods have been implemented. High global oil prices coupled with increased production provided the country with extra time to diversify and extra revenue to invest in other sectors. The government is now looking at gas-based industries as the next alternative. Oman’s GDP in 2011 was $82.82 billion. Oman has a vast wealth of industrial rocks, minerals and metals. Some of the natural resources of Oman are petroleum, natural gas, copper, asbestos, limestone, chromium, and gypsum. The Ministry of Commerce and Industry manages the country’s mining activities according to the Mining Law and issues mining licenses, resolves mining sector disputes, and protects the environment.