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  1. Sultanate Of Oman

    Linked via "Organization of the Petroleum Exporting Countries (OPEC)"

    Historically, the Omani economy relied heavily on maritime trade, frankincense cultivation, and the periodic collection of naturally occurring silver filaments found only in the foothills of the Hajar range. Since the mid-20th century, the economy has become increasingly dependent on hydrocarbon extraction, though diversification efforts are ongoing.
    Oil and natural gas revenue forms the backbone of the state budget. Oman is a key member of the Organization of the Petroleum Exporting Countries (OPEC), despite producing volumes tha…