Sultanate of Oman. Fact file/oman

Transcription

1 Sultanate of Oman Fact file/oman

2 Fact file/oman Introduction Oman is the oldest independent state in the Gulf founded in 1950.Sultan Qaboos came into power in 1970 s. The country is blessed with mineral resources like petroleum, copper, marble, natural gas etc. However the government heavily relies on oil revenues while taking the country to new heights of economic developments with special attention on industrial, educational and health sectors. The Sultan has introduced measures to broaden popular participation in government. Geography Oman is situated in the southeastern part of the Arabian Peninsula with the land area of about 309,500 sq km. It is surrounded by the sea on two sides, the sea of Oman to the northeast and the Indian Ocean to the southeast; it has joint land borders with Saudi Arabia to the west, Yemen to the south, and the United Arab Emirates to the north. Government Oman has a bi cameral system of government. His majesty Sultan Qaboos is the head of the State. The Basic Statute of the State was promulgated by His Majesty Sultan Qaboos bin Said al Said in 1996 which provides the legal framework for the development and implementation of all legislation and government policy. It comprises the Consultative Council whose member are elected by Omani citizens and the State Council whose members are appointed by the Sultan. Demography According to 2010 census the population is 2,773,479 out of which 1,957,336 are Omani citizens and 816,143 are expatriate residents. The population consists of the Arab, Asians, Africans and Baluchi. Among Asians are Indian, Pakistani, Bangladesh, Sri Lanka. Demography Omani's 0% Expatriates 29% 71%

3 Total Population: 2,773,479 Male: 1,612,411 Female: 1,61,068 Fact file/oman Omani Population: 1,957,336 Male: 990,590 Female: 966,746 Expatriates : 816,143 Male: Female: 194,322 Sex Composition of Omani Population Male Female 0% 49% 51% Expatriates 0% 24% Male Female 76%

4 Economics Fact file/oman According to Export Intelligence Unit 2011 Oman s GDP in 2010 was US$ 57.8bn with annual growth of 4.5%. Oman s economy is largely based on oil and gas. Production of oil and gas started in 1967.Today oil and gas accounts for around 85% of the government revenue and approximately 35% of the GDP. According to Annual Report of Ministry of Oil and Gas 2010 there are 18 domestic and international oil companies operating in Oman. Petroleum Development Oman (PDO) is the premier hydrocarbon exploration and production company in the Sultanate of Oman. It accounts for more than 90% of the country's crude-oil production and nearly all of its natural-gas supply. Oman is undergoing several upstream and downstream expansion projects in order to capitalize on economic growth and potential demand. Oman s Proven reserves of oil (thousand million barrels) Proven Reserves of Oil In 2010 and 2011 the oil reserves were 5.5 thousand million barrels.oman s oil production has increased since Oil and Gas Projects in Oman Duqm Refinery & Petrochemical Complex Mabrouk Field Project Harweel Cluster Phase - 2 Saih Rawl Gas Depletion Project Oil & Gas Pipeline in Musandum Enhanced Oil Recovery at Mukhaizna Depletion-Compression Project at Saih Nihayda Kauther Gas Compression Project

5 Production (thousand barrels daily) Fact file/oman Oman s economy is largely based on oil and gas. Production of oil and gas started in 1967.Today oil and gas accounts for around 85% of the government revenue and approximately 35% of the GDP. Oman is a member of several economic blocs including the Arab Gulf Co- operation Council (AGCC), the Greater Arab Free Trade Zone, the Indian Ocean Rim Association for Regional Cooperation (IORARC) and the World Trade Organisation (WTO). However Oman is heading towards economic diversification, according to which the main focus is on natural gas, port developments in Sohor and Salalah and information and technology. Moreover Oman is investing in tourism industry. Total Exports Export Commodity Total Import Import Commodity Export Partners Import Partners US$ billion (2010 est) Petrol, Textile, Metals, Fish US$19.3 billion (2010 est) Machinery, Transport, food manufactured goods China, South Korea, Japan, Thailand UAE, Japan, US

6 Key economic sectors: Fact file/oman Oil and Gas Economic Sector Mineral Sector Manufacturing Agriculture and Fishing Tourism GDP Composition by Sector 1% 47% 52% Agriculture Industry Services Industry: The industrial sector is a cornerstone of the Sultanate s long-term ( ) development strategy. Eighth Five-Year Development Plan ( ) creates the conditions for an attractive investment climate. The government also aims to develop the information technology (IT) and telecommunications industries.

7 Fact file/oman Defence: The Sultanate of Oman s Defence forces were found in 1966.The services branches are Royal Army of Oman Royal Air force of Oman Royal Naval Force of Oman Royal Oman Police The commander in chief is Sultan Qaboos Bin Said al said Military Expenditures (US$ Millions) ,565 2,545 2,766 3,324 3,550 3,433 4,861 4,141 4,180 4,270 6,000 5,000 4,000 3,000 2,000 1,

8 Fact file/oman Military Expenditures as percentage of GDP Value of Arms Imports (US$ Millions)

9 Fact file/oman Total Active Military Manpower ,500 41,700 41,700 41,700 39,700 39,700 42,600 42,600 42,600 42,600 42,600 44,000 43,000 42,000 41,000 40,000 39,000 38,000 37, MBT s 117 Wing Combat Aircraft: 54 Army: 25000

10 Airforce: 1500 Fact file/oman Navy: 1800 Guard: 6400 Paramilitary: 4000 AIFV/RECCE/LTTNK: 185 APCS: 279 Armoured vehicles: 430 OAFV: 462 Operational multiple rocket launchers: 138 Artillery Weapons: 239 Multiple Rocket Launchers: 6 Armed Attack Helicopters: 15 Jaguar: 14 F-16: 12 Gulf Naval Ships: 87 Warships with anti-ship Missiles: 5

11 Fact file/oman INTERNATIONAL RELATIONS: Oman is stable economically prosperous and established nation whose foreign relations play essential part in Middle East and the world. Oman has good relations within the GCC framework as well as with Iran. Oman has played an active role over the years in promoting co-operation between the GCC states Yemen and Iran through effective diplomacy. Oman has navigated its foreign policy focusing the three main issues a) Persian Gulf Security b) Arab-Israeli conflict c) Global Security Threat Oman s foreign policy goals are not just restricted to its region. Oman is the member of Asian Co-operation Dialogue (ACD) since 2003.It is also a member of Gulf and Europe Forum and Indian Ocean Rim Association for regional co-operation. Membership at International Organizations Oman is the member of international organizations UN,IMF, ILO,OPCW ABEDA AFE, AMF, GCC, FAO, Group of 77 (G77),IBRD, ICAO International Criminal Police Organization (IDA) (IFC) (IFAD) (IMO) League of Arab States (NAM) and Organisation of Islamic Cooperation (OIC). Pak-Oman links Pakistan and Oman have strong bi-lateral ties as they share traditional commonalities of religion and values and shared views of mutual significance. The trade between two countries has increased to up to $400 million while the Pakistani diaspora living in Oman is on rise from 18,000 to 200,000 which is contributing to build Oman's economy and strengthen bilateral ties.

12 Fact file/oman Pakistan s Exports to Oman (valued US$ millions) (June-July) Commodity Description Cereals Organic Chemicals Mineral fuels, oils Machinery, Nuclear reactors Meat and edible meat offal Oman s Export to Pakistan (June-July)

13 Fact file/oman Oman s Export to Pakistan Commodity Description Mineral fuels, oils Plastics and articles Organic Chemicals Fertilizers Iron and Steel Joint venture between Oman-Pakistan Pak-Oman Investment Company Limited In July 2001 the Governments of Pakistan and Sultanate of Oman have established Pak Oman Investment Company Limited a specialized Financial Institution formed as a joint venture. Pak Oman facilitates investments to promote various sectors and acts as a financial link between the Sultanate of Oman and Pakistan. The company has successfully diversified its areas of growth by the launch of Pak Oman Asset Management Company and Pak Oman Microfinance Company. World Call Telecom Limited World Call Telecom Limited (WTL), an Oman Telecommunications Company (Omantel), is the most reliable and unique telecom and multimedia service provider in Pakistan. World call

14 Fact file/oman launched its business in 1996 and offers an array of services under three major categories data, Entertainment, Voice. World Call Telecom Limited became an associate company of Omantel after acquisition of major share holding by Omantel in Today, World Call Telecom has become synonymous with innovation, dedication, and reliability in Pakistan. MOU between Pakistan-Oman Agreement on Promotion & Protection of Investment Avoidance of Double Taxation Agreement MOU regulating the Air Services between Sultanate of Oman and Pakistan