SULTANATE of OMAN
Oman, officially the Sultanate of Oman, is an Arab country in the southeastern coast of the Arabian Peninsula.
Holding a strategically important position at the mouth of the Persian Gulf, the nation is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest, and shares marine borders with Iran and Pakistan. The coast is formed by the Arabian Sea on the southeast and the Gulf of Oman on the northeast. The Madha and Musandam exclaves are surrounded by the UAE on their land borders, with the Strait of Hormuz and Gulf of Oman forming Musandam's coastal boundaries.
Qaboos bin Said Al Said is the Sultan of Oman.
As of 2014, Oman's population is over 4 million, with 2.23 million Omani nationals and 1.76 million expatriates. The total fertility rate in 2011 was estimated at 3.70. Oman has a very young population, with 43 percent of its inhabitants under the age of 15. Nearly 50 percent of the population lives in Muscat and the Batinah coastal plain northwest of the capital. Omani people are predominantly Arab, Baluchi, South Asian (Indian, Pakistani, Sri Lankan, Bangladeshi), and African ethnic groups.
Omani society is largely tribal and encompasses three major identities: that of the tribe, the Ibadi faith, and maritime trade. The first two identities are closely tied to tradition and are especially prevalent in the interior of the country, owing to lengthy periods of isolation. The third identity pertains mostly to Muscat and the coastal areas of Oman, and is reflected by business, trade, and the diverse origins of many Omanis, who trace their roots to Baloch, Al-Lawatia, Persia, and historical Omani Zanzibar. Consequently, the third identity is generally seen to be more open and tolerant towards others, and is often in tension with the more traditional and insular identities of the interior.
Oil and gas
Oman's proved reserves of petroleum total about 5.5 billion barrels, 25th largest in the world. Oil is extracted and processed by Petroleum Development Oman (PDO), with proven oil reserves holding approximately steady, although oil production has been declining. The Ministry of Oil and Gas is responsible for all oil and gas infrastructure and projects in Oman.
Between 2000 and 2007, production fell by more than 26%, from 972,000 to 714,800 barrels per day. Production has recovered to 816,000 barrels in 2009, and 930,000 barrels per day in 2012. Oman's natural gas reserves are estimated at 849.5 billion cubic meters, ranking 28th in the world, and production in 2008 was about 24 billion cubic meters per year.