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Oman had a diversified reserves profile spanning oil and gas. Its holdings came to 5.373 billion barrels of oil and 23.00 trillion cubic feet of gas.
Oil reserves (2021)
5.37 B bbl
Natural gas reserves (2021)
23.00 TCF
Oman held meaningful stocks across oil and gas, which gave it flexibility across global energy markets. Reserve estimates had trended lower, reflecting extraction outpacing new discoveries.