Economic Resources 

• Oil reserve: Oman’s oil reserves are estimated to be around 5.75 billion barrels and its daily oil production is around 954,800 barrels or 344 million barrels per annum.
• Gas reserve: Oman’s gas reserves are estimated to be around 29.8 trillion cubic feet and Petroleum Development Oman (PDO) is processing part of it for the local demand.
• Mineral ores: Several natural minerals are available in Oman, which can be processed locally. These include, among other minerals, copper (around 25 million tons) and gold (around 1.5 million tons). 

Conducive Economic Policies 

a. Free economy and full competitiveness
Oman’s economy is based on the free economy concept where competition, free markets and price mechanism concepts prevail. The market economy remains the main focus of Oman’s strategy since its modern renaissance and the state encourages and supports the private sector enterprises. 

b. Freedom of Money Transfer 
There are no exchange controls in Oman. Capital and income may be repatriated abroad without any restriction.