Oman Gas Revenue Rises 48 Percent
Oman experienced a significant increase in gas revenues during the first four months of 2026, up 48% compared to the same period last year, reaching approximately 814 million Omani riyals. This amount is nearly half of the total revenue for 2025, which was 1.8 billion riyals. This rise is attributed to several factors, including the linkage of gas prices to the oil price index, which has seen an increase, as well as increased external demand, particularly from South Korea and India, along with growing exports. Additionally, the Sultanate is moving towards redirecting the currently used gas for electricity generation toward vital industries to boost job opportunities and economic development.
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