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Energy In Oman
Energy use in Oman was 381 TWh in 2020, almost double the consumption in 2010. Economy Oman is a country in the Middle East. Its current GDP per capita has expanded continuously over the past 50 years. It grew 339% in the 1960s and reached a peak growth of 1,370% in 1976.. Oman both imports and exports energy. When Oman declined as an entrepot for arms and Slavery, slaves in the mid-19th century, much of its former prosperity vanished; the economy turned almost exclusively to agriculture, camel and goat herding, fishing, and traditional handicrafts. Today, petroleum (oil) exports fuel the economy. Revenues from petroleum products have enabled Oman's dramatic development and modernization over the past 300 years. Overview Oil Oil was first discovered in 1964, near Fahud in the western desert. Petroleum Development Oman (PDO) began production in August 1967. The Omani Government owns 60% of PDO, and foreign interests own 40% (Royal Dutch Shell owns 34%; the remaining 6% is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oman Map De
Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of the Persian Gulf. Oman shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen, while sharing maritime borders with Iran and Pakistan. The coast is formed by the Arabian Sea on the southeast, and the Gulf of Oman on the northeast. The Madha and Musandam exclaves are surrounded by the United Arab Emirates on their land borders, with the Strait of Hormuz (which it shares with Iran) and the Gulf of Oman forming Musandam's coastal boundaries. Muscat is the nation's capital and largest city. From the 17th century, the Omani Sultanate was an empire, vying with the Portuguese and British empires for influence in the Persian Gulf and Indian Ocean. At its peak in the 19th century, Omani influence and control extended across ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980s Oil Glut
The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $ per barrel in dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($ to $ in dollars). The glut began in the early 1980s as a result of slowed economic activity in industrial countries due to the crises of the 1970s, especially in 1973 and 1979, and the energy conservation spurred by high fuel prices. The inflation-adjusted real 2004 dollar value of oil fell from an average of $78.2 in 1981 to an average of $26.8 per barrel in 1986. In June 1981, ''The New York Times'' proclaimed that an "oil glut" had arrived and ''Time'' stated that "the world temporarily floats in a glut of oil". However, ''The New York Times'' warned the next week that the word "glut" was misleading, and that temporary surpluses had brought down prices somewhat, but prices were still we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dolphin Gas Project
The Dolphin Gas Project is the natural gas project of Qatar, the United Arab Emirates, and Oman. It is the Gulf Cooperation Council's first cross-border refined gas transmission project and the largest energy-related venture ever undertaken in the region. History Dolphin gas pipeline was conceived in 1999 to produce, process, and transport natural gas from Qatar's North Field to the UAE and Oman. Technical description The project involves: * development of gas wells and installation of two platforms in Qatar's North Field; * two multiphase sea lines from the wellheads to the processing plant; * gas processing and compression plant at Ras Laffan in Qatar; * offshore pipeline from Ras Laffan to Taweelah in the UAE; * gas receiving facilities at Taweelah. In addition, the gas supplies from Qatar to Oman are planned through the Al Ain – Fujairah pipeline, which is officially considered a separate project. The total costs of the project are $7 billion, of which $3.5 billion are cos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electrolysis Of Water
Electrolysis of water, also known as electrochemical water splitting, is the process of using electricity to decompose water into oxygen and hydrogen gas by electrolysis. Hydrogen gas released in this way can be used as hydrogen fuel, or remixed with the oxygen to create oxyhydrogen gas, which is used in welding and other applications. Electrolysis of water requires a minimum potential difference of 1.23 volts, though at that voltage external heat is required. E lectrolysis is rarely used in industrial applications since hydrogen can be produced less expensively from fossil fuels. History In 1789, Jan Rudolph Deiman and Adriaan Paets van Troostwijk used an electrostatic machine to make electricity that was discharged on gold electrodes in a Leyden jar with water. In 1800 Alessandro Volta invented the voltaic pile, and a few weeks later English scientists William Nicholson and Anthony Carlisle used it to electrolyse water. In 1806 Humphry Davy reported the results of ext ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LNG Plant
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state (at standard conditions for temperature and pressure). LNG is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately ; maximum transport pressure is set at around (gauge pressure), which is about one-fourth times atmospheric pressure at sea level. The gas extracted from underground hydrocarbon deposits contains a varying mix of hydr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oman LNG
Oman LNG is a LNG plant in Qalhat near Sur, Oman. The company was established by the Royal decree of Sultan Qaboos of Oman in 1994. The construction was launched in November 1996, and the plant was commissioned in September 2000. Oman LNG operates three LNG trains with a total capacity of 10.4 million tonnes per year. The company's production facilities are located on the coast at Qalhat near Sur in the South Sharqiyah Governorate, Oman. History From 1989 to 1991, large non-associated natural gas fields were discovered in central Oman. In January 1992 the government of Oman accepted a preliminary feasibility study by Royal Dutch Shell and signed a memorandum of understanding for the establishment of a first LNG project. In June 1993 a shareholders' agreement between the Government of Oman (51%), Royal Dutch Shell (30%), Total S.A. (5.54%), Korea Gas Corporation (5%), Partex (2%), Mitsubishi (2.77%), Mitsui (2.77%) and Itochu (0.92%) was signed. In February 1994 the com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oilfield
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yibal
Yibal is the largest oilfield in Oman, located in the Ad Dhahirah Governorate, about 360km southwest of Muscat. It began production in 1968, and at its peak had a production of nearly . In recent years, it has begun to decline, and in 2005 produces about . The Yibal oil field is operated primarily by Petroleum Development Oman. Yibal Khuff Project UK-based Petrofac Petrofac Limited is an international energy services company that designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. It is registered in Jersey (number 81792), with its main corporate off ... was selected to oversee the development of the giant Yibal Khuff project as part of an engineering, procurement and construction management contract in 2015. Petrofac said at the time that the contract value was around $900 million. The Yibal Khuff Project (YKP) started operating in 2021 September, employing 1,200 Omanis and 200 foreign nationals. At full operation th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP. The WTO facilitates trade in goods, services and intellectual property among participating countries by providing a framework for negotiating trade agreements, which usually aim to reduce or eliminate tariffs, quotas, and other restrictions; these agreements are signed by representatives of member governmentsUnderstanding the WTO' Handbook at WTO officia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberalization
Liberalization or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used most often in relation to economics, where it refers to economic liberalization, the removal or reduction of restrictions placed upon (a particular sphere of) economic activity. However, liberalization can also be used as a synonym for decriminalization or legalization (the act of making something legal after it used to be illegal), for example when describing drug liberalization. In economy and trade The Great Depression of 1929 made nations throughout the world realize that the wide gap between the economic theory and practice in determination of internal trade policy was the major cause of worldwide economic disaster. Therefore, a need for reviving the classical theory of trade by adhering to free trade policy was felt. The Bretton W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Price
The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level. The global price of crude oil was relatively consistent in the nineteenth century and early twentieth century. This changed in the 1970s, with a significant increase in the price of oil globally. There have been a number of structural drivers of global oil prices historically, including oil supply, demand, and storage shocks, and shocks to global economic growth affecting oil prices. Notable events driving significant price fluctuations include the 1973 OPEC oil embargo targeting nations that had supported Israel during the Yom Kippur War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
