Monday, December 5 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Oman Power SWOT


    October 2, 2022 - Fitch Solutions Sector Intelligence

     

      • Power
      • Oman
      • SWOT
      • Fitch Solutions

      Oman Power SWOT

      • 2 Oct 2022
      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.
      Strengths Weaknesses
      • The government is keen to attract private investment, including foreign companies, and has a strong market-oriented approach.
      • Use of independent power projects and scope for private investment attracting foreign firms.
      • Tendering process is among the most transparent and streamlined in the Middle East and North Africa region.
      • Oman has extensive oil and gas reserves, bolstering overall supply security.
      • Dominance of state-owned firms limits scope for private/overseas investors.
      • Transmission losses are high and grid coverage needs expansion.
      • Lack of track record in developing significant renewables infrastructure.
      • The country's economy remains tied to oil exports, leaving it vulnerable to volatility in the global market despite diversification efforts.
      Opportunities Threats
      • Planned green hydrogen plant opens scope for new renewables investments.
      • Rapid growth in consumption driving demand for greater generation and capacity.
      • Government promotion of electric vehicles could boost power consumption further.
      • Scope for renewables to be developed in support of oil and gas extraction.
      • Over-dependence on gas-fired power (though Oman does have its own gas reserves).
      • Volatile oil prices due to ongoing Covid-19 pandemic and impact of Russia/Ukraine crisis on global energy markets.
      • Stricter implementation of localisation policies to boost employment of Omani nationals will compound labour shortages.
      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.