Tag: Hydrogen

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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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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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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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Oman Is Looking To Become a Green Energy Hub

Image Source: Oilprice Like other Gulf countries, Oman is dependent on oil and gas revenues for the major part of its export income, leaving it vulnerable to energy transition. It is therefore looking at large-scale production of carbon-free or ‘green’ hydrogen. With its magnificent renewable energy resources, huge areas of open land, and strategic location […]
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Under the auspices of the Ministry of Energy and Minerals, the third edition of The Green Hydrogen Summit Oman 2023 has commenced.

Image Source: Ministry of Energy and Minerals The third edition of the Green Hydrogen Summit Oman has commenced. Hosted by His Excellency Dr. Khamis Al-Jabri, Chairman, Oman Vision 2040. Running until December 14th, 2023, at the Oman Convention and Exhibition Center, the event is supported by the Ministry of Energy and Minerals. The summit gathers industry […]
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500 MW Solar Project by EDF Renewables and KOWEPO Secured Financing

Image Source: The Economic Times EDF Renewables and Korea Western Power Corporation (KOWEPO) have secured financing for the Manah 1 project, a 500 MW solar power plant in Oman. Winning the project in response to a tender in September 2022, the consortium inked a power purchase agreement (PPA) with Oman Power and Water Company on […]
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Oman’s fossil fuel expertise could help drive clean energy transitions, new report shows

Image Source: Tara Energy Oman has significant potential to channel its deep expertise in the production of fossil fuels towards clean energy projects that could accelerate the country’s efforts to lower its emissions and diversify its economy, according to a new report from the International Energy Agency (IEA). Leveraging Fossil Fuel Capabilities for Clean Energy Transitions: Assessment […]
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Oman’s latest green hydrogen deal brings country’s project pipeline close to its million-tonnes-a-year target

Image Source: The Arabian Stories Officials estimate $38bn in committed spend from developers — but few are ready to take FID Oman’s state-owned hydrogen auctioneer Hydrom has this week awarded a block of land to the SalalaH2 consortium, bringing production capacity — if all six blocks awarded so far are developed — to 925,000 tonnes […]
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