Tag: Oman

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Oman’s new LNG bunkering project set for 2027 launch

Image Source: Omansustainabilityweek Marsa LNG will position Oman as a hub for low-carbon LNG bunkering operations once operational by mid-2027 A longstanding plan for the establishment of a renewables-powered liquefied natural gas (LNG) project at the Port of Sohar on Oman’s North Al Batinah coast is set to go ahead with French engineering contractor Technip […]
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Oman shows how a fossil fuel producer can embrace clean energy

Image Source: The nature conservancy The country is using its existing energy infrastructure to fast-track its green transition. Ahead of the COP28 climate talks in Dubai later this year, the role of oil and gas-producing economies in the clean energy transition is coming into sharp focus. Ensuring that countries – including those that have relied on oil […]
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Omani-Belgian clean energy cooperation showcased at Davos

Image Source: Arabiandaily A roundtable held against the backdrop of the World Economic Forum’s (WEF) annual meeting in Davos (Switzerland) spotlighted the role of three major Belgian companies in supporting the energy transition in the Sultanate of Oman. Represented at the roundtable were top executives of marine engineering and contracting giant DEME (part of the […]
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Promising use of Omani silica sand in energy storage for green hydrogen

Image Source: Chemistry World  A key study led by Omani scientists underscores the potential for the Sultanate of Oman to capitalize on the abundance of high-quality silica sand for cost-competitive thermal energy storage – a prerequisite for the large-scale production of green hydrogen and green ammonia in the country. Publication of the study, titled ‘Silica […]
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Oman’s economic diversification picking up pace

Image Source: Muscatdaily Oman’s longstanding drive to diversify its predominantly hydrocarbon-dependent national economy has gained strong impetus in recent years on the back of a combination of landmark legislative actions, policy interventions, reinforced organizational mandates and enhanced investment regimes, according to the International Monetary Fund (IMF). The UN global financial agency said in its newly […]
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Potential for commercialization of Oman ‘green mineral’ resources

Image Source: ResearchGate Mineral ores at the heart of modern technologies driving the global energy transition can be found in abundance in the Sultanate of Oman, says the Ministry of Energy and Minerals. Sustainable commercialisation of these ores can help unlock substantial deposits of nickel, lithium, cobalt, rare earth minerals, Platinum Group Metals (PGMs), copper, […]
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Some subsidy allocations pared in Oman’s 2024 State Budget

Image Source: Oman Daily Modest cuts have been announced in subsidy allocations across a range of utilities and essential services in the 2024 State Budget of the Sultanate of Oman. This is in line with the government’s commitment to gradually rolling back subsidies – part of its longstanding bid to reduce the budget deficit. Subsidy […]
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Seven project categories eligible for green finance in Oman

Image Source: Oman Ssustainability Week Projects ranging from rail electrification and energy storage systems to offshore wind farms and waste-to-energy schemes are among dozens of initiatives that will qualify for green finance under the Sustainable Finance Framework launched by the Sultanate of Oman last week. The framework, the first of its kind in the Gulf […]
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Pact signed to study potential for solar glass project in Oman

Image Source: Bloomberg Leading Canadian energy materials specialist Homerun Resources Inc has announced the signing of a non-binding Memorandum of Understanding (MoU) with Minerals Development Oman (MDO), the nation’s mining investment flagship, to jointly explore prospects for, among other things, the establishment of a first-of-its-kind solar glass manufacturing project in Oman. As a first step […]
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