Jim_Krane]_Energy_Kingdoms__Oil_and_Political_Sur

TABLE 4.1

Energy subsidies in major energy exporters in 2015, ranked on per capita basis
Oil
(US$bn)

Gas

(US$bn)

Coal (US$bn)

Electricity (US$bn)

Total subsidy 2015 (US$bn)

Total subsidy as share of GDP

Subsidy per capita (US$)

Kuwait

1.4

0.9

0.0

3.7

6.0

5%

1,547

Saudi Arabia

29.5

6.7

0.0

12.5

48.6

7%

1,542

Qatar

0.9

1.0

0.0

1.5

3.4

2%

1,508

Bahrain

0.4

0.0

0.0

1.2

1.7

6%

1,212

UA E

1. 2


2. 8

0.0

2 .0

9.9

3%

1,0 82

Tu r k m e n i s t a n

2. 2

2. 4

0. 0

0. 9

5. 5

15%

1, 0 2 2

Libya

3.7

0.0

0.0

0.5

4.2

11%

668

Iran

20.9

17.9

0.0

13.6

52.4

14%

662

Venezuela

14.6

2.2

0.0

3.1

19.9

8%

641

Oman*

1.2

0.0

1.0

2.3

3%

$543

*Oman’s energy subsidy data was not differentiated by type of fuel.Note

: Subsidies are calculated using the price- gap method [international price − local price

= opportunity cost/subsidy].

Source

: IEA fossil- fuel subsidies database (2017), http: //www .iea .org /statistics /resources /energysubsidies; Oman totals

compiled from Central

B a n k o f O m a n 2 0 1 5 A n n u a l R e p o r t , h t t p : / / w w w. c b o - o m a n. o r g / p u b _ a n n u a l. h t m.