ocr: Strengths Oilindustry,led by Royal Dutch Shell. Oman has benefited from staying out of OPECand selling oil at spot prices without quotas. Rich waters off the Indian Ocean coast, with potential for sizeable fishing industry. ealesses Over dependence onoil (90% of GNP); oil reserves, at some 4.5 billion barrels, are tinite. Services sector less well-developed than in the United Arab Emirates. Reliance on foreign workers in allsectors ofthe economy.
