Key Market Indicators
Oman's energy consumption is projected to hit 1.78 exajoules by 2028, up from 1.54 exajoules in 2023. This marks a compound annual growth rate (CAGR) of 2.3% over the five-year period. Since 1972, the demand for energy in Oman has been on a steady rise, increasing by an average of 2.6% annually. In the global energy consumption rankings for 2023, Oman held the 48th position, with Kuwait slightly ahead at 1.54 exajoules. Topping the list were the United States, India, and Russia, occupying the second, third, and fourth spots respectively.
