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: Oman’s crude oil production is only seventh in comparison with other Middle East countries and accounted for about 1% of total world crude oil production in 2010. Investment
Experts state that Oman’s mineral sector will continue to grow significantly in the next five years as the country has assured global investment from Canada, India, and other Gulf countries. Another reason is that the royalty charged by the government is quite favorable. To further attract foreign and private investors, the Oman Chamber of Commerce and Industry (OCCI) is getting ready to organize the country’s first mines and mineral exhibition and conference this year to showcase its unexploited mineral and metal wealth. About seven or eight large non-metallic mineral reserves have been located recently, which are essential in almost every industry. Global firms such as Timminco of Canada, Tata Chemicals, and Tata Iron & Steel Co (TISCO) of India, Rauch Ft of Austria, and Eastern Energy of Thailand have already been invited by the government to invest in the country. Oman’s mining sector is all set to diversify and become strong in the future, according to experts. Disclaimer: The Author of this article does not imply any investment recommendation and some content is speculative in nature. The Author is not affiliated in any way with any companies mentioned and all statistical information is publically available.