oman economic outlook for 2015 and beyond bank muscat outlook and oil prices .pdf · oman economic...
TRANSCRIPT
1
Hatem Al-SHANFARI
Deputy Chairman
The Omani Economic Association
23 October 2014
Oman Economic Outlook for 2015
and Beyond
Bank Muscat
2
Outline of the Presentation
Global Energy Outlook
Oman Economic Outlook
Conclusion
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How prepared are we
for another shock?
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Fiscal Shocks
1986
1997
2008
????
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Previous Economic Shocks In Oman
1986
1997
2008
????
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16
0
20
40
60
80
100
120
2009 2010 2011 2012 2013 2014 2015
Budget 45 50 58 75 85 85
Breakeven 61 67 78 80 89 104 108
Actual 57 77 106 110 106 105
US
do
lla
rs
per
ba
rra
lOil Prices
Oil Prices - Growth Rates
2010 2011 2012 2013 2014 2015
Budget 11% 16% 29% 13% 0%
Breakeven 10% 16% 3% 11% 17% 4%
Actual 35% 38% 4% -4% -1%17
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Oman Economic Outlook
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Oman: Proved Reserves (at end 2013)
Share of World Total Reserves/Production ratio
(years)
Crude Oil 0.3 % 16
Natural Gas 0.5 %
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Source: BP Statistical Review of World Energy June 2014
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Conclusion
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28Source: IMF
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Thank you