Strategic Energy Management in Sultanate of Oman

Abstract

Various economic sectors have set up a competition against themselves in the developing world which calls for an overwhelming need for energy sources that are reliable enough. It is important to have efficient energy supply for a smooth economic running. There is a high endowment of resources of oil in the Middle East that creates an equal determination to provide the proper management of the resources. Managing energy can only be done when there are a business culture and the environment that enables it. As far as information and technology is concerned, there is a new dimension that has been acquired in the relationship that exists between the mining industry and the sectors of renewable energy. Having drawn efforts from different corners of the globe, the primary focus has been put on the Gulf region known for the greatest supply of fossil energy. Oman leads the Gulf area as a gate pass that is strategic enough to get into the Arabian Gulf. This area has shown complete passion about the pertinence of necessary steps early enough that will lead to attaining sources of renewable energy that are more reliable. All discussion areas have an aim which is to show how determined the Gulf Cooperation Council is, emphasising more on Oman, in the bid to obtain more alternative sources of renewable energy that are reliable. JEL classification:N75; F01; Q40;

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