Key Market Indicators
Oman's energy consumption is projected to rise to approximately 1.8 exajoules by 2028, up from 1.5 exajoules in 2023. This reflects an annual growth rate of 2.3%. Historical data shows that since 1972, Omani energy demand has consistently increased by 2.6% each year. In the global energy consumption rankings for 2023, Oman placed 48th, just behind Kuwait, which also recorded 1.5 exajoules. Leading the global rankings, the United States, India, and Russia secured the second, third, and fourth positions, respectively.
