Oman’s significance in the Middle East, and therefore the world, is much greater than its 5.4 billion barrels of estimated proved oil reserves (the 22nd largest in the world) implies. Its true importance to both the U.S. and China is its critical geographical position, which makes it perhaps the most important oil and gas hub in the world. Specifically, the Sultanate has long coastlines along the Gulf of Oman and the Arabian Sea offering unfettered access to the markets of the East and the West equally. As such, Oman and its key ports and…
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