PDO has been active in renewables and aims to raise production to a "sustainable plateau"
PDO outlines stiff 2030 emissions targets
Beyond a flashy pledge of long-term carbon-neutrality lie some meaningful medium-term goals that could substantially speed up Muscat’s lagging decarbonisation efforts
Scepticism was the reaction when state-controlled Petroleum Development Oman (PDO), the sultanate’s main oil producer, unveiled plans in early September to become carbon-neutral by 2050. Like the government’s ‘goal’ to cut historic economic dependence on hydrocarbons by more than three-quarters within two decades, PDO’s superficially eye-catching aim essentially rebrands physical inevitability as environmental virtue. The country’s reserves/production ratio stood at a mere 15.4 years at end-2020, according to BP’s latest Annual Statistical Review. Barring the improbable discovery of a long-elusive elephant, Oman will have little crude left to pump by mid-century. PDO’s task since the early 2
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
