Due to its dwindling oil resources, Oman has actively pursued a development plan with the objective of reducing the oil sector"s contribution to GDP to 9% by 2020.
Oman"s strategy focuses on diversification, industrialization, and privatization.
The key components of the government"s diversification plan are tourism and gas-based industries.
By using enhanced oil recovery techniques, Oman succeeded in increasing oil production, giving the country more time to diversify.
The increase in global oil prices throughout 2010 provides the government greater financial resources to invest in non-oil sectors.
* Relations with Romania
Romania"s exports to Oman consist of metallurgical products, paper and cardboard, clothing, machinery and electric devices, cement, tiles, foodstuffs.
Oman
A. A. (Translated by Cosmin Ghidoveanu)
Capitala : Muscat
Moneda: Rial (OMR)
Rata inflaţiei/Inflation rate: 2010 (estimare) 3,4%; 2009 (estimare) 3,5%
Due to its dwindling oil resources, Oman has actively pursued a development plan with the objective of reducing the oil sector"s contribution to GDP to 9% by 2020.
Oman"s strategy focuses on diversification, industrialization, and privatization.
The key components of the government"s diversification plan are tourism and gas-based industries.
By using enhanced oil recovery techniques, Oman succeeded in increasing oil production, giving the country more time to diversify.
The increase in global oil prices throughout 2010 provides the government greater financial resources to invest in non-oil sectors.
* Relations with Romania
Romania"s exports to Oman consist of metallurgical products, paper and cardboard, clothing, machinery and electric devices, cement, tiles, foodstuffs.
Om
