Where is Oman situated? Where is Oman located?
Where is Oman Situated?
Oman is a Middle Eastern state bordering the Arabian Sea, the Gulf of Oman and the Persian Gulf and located between Yemen and the United Arab Emirates.
The country consists mainly of desert plains in the center and wild mountains to the north and south. The climate is very dry and warm in the interior and humid along the coast (1,700 km of coastline).
Its natural resources are mainly oil, but also copper, asbestos, marble, limestone, chromium, gypsum and natural gas. Oman is also a strategic location on the Musandam Peninsula near the Strait of Hormuz, a vital transit point for global crude oil.
Oman’s economy is dominated by its dependence on oil. A joint venture called IPC drilled a large number of boreholes from 1956 despite logistical problems caused by a lack of transport infrastructure.
Today, Oman, through its national oil company Petroleum Development of Oman (PDO), produces about 600,000 barrels a day. The country has a refinery that does not meet the country’s hydrocarbon needs. A new step has been taken since 2005 with the launch of the exploitation of gas reserves by the national company Oman LNG. It has a processing plant north of the city of Sur.
The reserves of black gold are not huge: the stock, estimated at 5.5 billion barrels, is a trifling compared to the 320 billion in the subsoil of Saudi Arabia. By 2020, the Ministry of Information forecasts no longer estimate the share of crude oil in GDP at 9%, gas at 10%.
More than 65% of GDP depends on oil extraction, followed by tourism (Muscat and Salalah region) and agriculture around the city of Sohar, hometown of Sinbad le Marin.
The country is moving towards the development of its tourism sector with the construction of hotel complexes such as the new Shangri-La Bar al Jissa or the Chedi Hotel. In less than ten years, the number of hotels to international standards has increased from 200 to more than 6,000. The logical consequence, the number of tourists increases every year by 30%, according to the Ministry of Tourism.
In terms of transport, Oman retired in 2007 from the capital of Gulf Air (Bahrain) to focus on the expansion of its national airline Oman Air which opens at the end of 2007 direct lines to Europe and Asia (London, Paris, Frankfurt and Bangkok). The main airport is Muscat International Airport.
To diversify its economy, Oman has embarked on a program to build an aluminum plant in Sohar. It invests in semiconductors and robotics, consolidates its achievements in copper and marble mines, port infrastructure and relies heavily on luxury tourism.