Oman Oil and Gas Downstream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Process Type (Refineries and Petrochemicals Plants)

Market Snapshot

Oman Oil and Gas Downstream Market - Summary
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

<4.34 %

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Market Overview

The market for Oman's oil and gas downstream market is expected to grow at a CAGR of less than 4.34% during the forecast period of 2020 – 2025. Factors such as increasing demand for natural gas and rising production of oil and gas in the country are expected to boost the demand for the Oman oil and gas downstream market during the forecast period. However, international competition in the gas market and decreasing production from the old gas fields is expected to restrain the growth of the market studied.

  • The Refinery capacity in Oman is expected to witness significant growth in the forecast period as the onshore oil and gas fields in the country have increased their production. Thereby providing a boost to the Refining sector.
  • Oman's state-owned company is expected to invest in the exploration and production of Oman's oil and gas fields. The investment would likely increase production and create an opportunity for cheaper oil and gas for the refineries.
  • New investments are expected to be added in the refineries and petrochemicals sectors during the forecast period and this, in turn, is expected to boost the downstream sector of the country.

Scope of the report

Oman oil and gas downstream market report include:

Process Type
Refineries
Overview
Existing Infrastructure
Projects in pipeline
Upcoming projects
Petrochemicals Plants
Overview
Existing Infrastructure
Projects in pipeline
Upcoming projects

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Key Market Trends

Refinery Capacity to Witness Growth

  • More oil and gas being produced in the country in 2018, has led to a significant increase in the refinery throughput in the country. The refining capacity in the country is also increasing rapidly in the 2015-2018 period. 
  • In Oman, the capacity of refineries has increased from 222 Thousand barrels daily (kb/d), in 2015 to 334 kb/d in 2018. The refinery throughput increased by 21.8% from 232 kb/d, in 2017 to 282 kb/d, in 2018.
  • The oil production increased in the country, by 0.5%, from 47.6 million tonnes in 2017 to 47.8 million tonnes in 2018. The oil consumption in the country decreased, by 0.4%, from 9.24 million tons of oil equivalent (mtoe), in 2017 to 9.2 mtoe, in 2018. Increase in production of oil is expected to boost the downstream sector in the country.
  • Hence, Refinery throughput capacity is expected to increase significantly in the forecast period due to a reduction in bottlenecking and the possibility of new refinery and petrochemical plants.
Oil Production

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Upcoming Investments in the Downstream Sector to Drive the market

  • Production of natural gas increased in the country, by 11.4%, year on year, from 27.7 Million tonnes oil equivalent, in 2017 to 30.9 Million tonnes oil equivalent, in 2018. Consumption of gas in Oman increased by 6.9%, from 20.0 Million tonnes oil equivalent (mtoe), in 2017 to 21.4 mtoe, in 2018. Increase in natural gas is expected to provide boost to the petrochemical sector.
  • The Sultanate of Oman, in 2019 has two refineries, the Mina Al Fahal in Muscat and the Sohar Refinery, both of which are owned by Oman Oil Refineries and Petroleum Industries Company.
  • In 2019, Oman Oil Company (OOC) and Kuwait Petroleum International (KPI) started work on Duqm Refinery & Petrochemical Industries Co. (DRPIC). The refinery and petrochemical complex is expected to have a capacity of 230,000-b/d to be built in the Duqm Special Economic Zone in Duqm, on the southeastern coast of Oman.
  • The Oman's oil and gas downstream industry is expected to grow considerably in the forecast period due to an increase in oil and gas production in the country.
Natural Gas Production

Competitive Landscape

Oman oil and gas downstream market is moderately consolidated. The major companies include Royal Dutch Shell PLC, Petroleum Development Oman, Kuwait Petroleum International, Total S.A., and Oman Oil Marketing Company SAOG.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Refining Capacity and Forecast in thousand barrels per day, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraint

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE ANALYSIS

  5. 5. MARKET SEGMENTATION

    1. 5.1 Process Type

      1. 5.1.1 Refineries

        1. 5.1.1.1 Overview

          1. 5.1.1.1.1 Existing Infrastructure

          2. 5.1.1.1.2 Projects in pipeline

          3. 5.1.1.1.3 Upcoming projects

      2. 5.1.2 Petrochemicals Plants

        1. 5.1.2.1 Overview

          1. 5.1.2.1.1 Existing Infrastructure

          2. 5.1.2.1.2 Projects in pipeline

          3. 5.1.2.1.3 Upcoming projects

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Royal Dutch Shell PLC

      2. 6.3.2 Petroleum Development Oman

      3. 6.3.3 Kuwait Petroleum International

      4. 6.3.4 Total S.A.

      5. 6.3.5 Oman OIl Marketing Company SAOG

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Oman Oil and Gas Downstream Market market is studied from 2016 - 2026.

The Oman Oil and Gas Downstream Market is growing at a CAGR of <4.34% over the next 5 years.

  • Royal Dutch Shell PLC
  • Kuwait Petroleum International
  • Total S.A.
  • Petroleum Development Oman LLC
  • Oman Oil Marketing Company SAOG

Are the major companies operating in Oman Oil and Gas Downstream Market.

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