The commercial industrial gases market in Oman is estimated to have generated revenues of $71 million in 2016. This is an increase from $19 million in 2006, indicating an average annual growth rate of 16.6% p.a.
Between 2006-2016, GDP in Oman grew by an average of 4.6% p.a. or 5.4% when adjusted for inflation. The economy has experienced good growth in this period and has not suffered any recessions, and was unaffected by the 2008-09 financial crisis.
Qatar has huge natural gas resources (predominantly the North Dome field in the Arabian/Persian Gulf) and initially built a reasonably sized petrochemical business off the back of ethane and methane availability. The Qatari Government was then focused on its natural gas opportunities and these have led to a number of ...
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