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MUSCAT: Omani small and medium-sized enterprises (SMEs) saw revenues earned through the In-Country Value (ICV) programme grow by around 14 per cent of total spending last year,...
RIYADH: Oman is planning to launch a national energy firm, Hydrogen Development Oman, focusing on green hydrogen projects, MEED reported. The new firm will be a wholly owned subsidiary of the country’s energy transition champion Energy Development Oman, or EDO. EDO is the state-owned holding firm representing the country’s stake in Petroleum Development Oman. Hydrogen
Oman Investment Authority signed an MoU with the Government of Tanzania for deep-sea exploration and fishing on Thursday.
The Arab Gulf states appear to be following a common template in responding to the global transition toward an energy system in which renewables play an increasingly central role. They are publicizing renewable energy targets, decarbonizing upstream and downstream oil and gas operations, commissioning renewable energy projects, and improving energy efficiency, among other strategies. A closer look, however, reveals differences in how they have deployed solar and wind power capacity.
Aberdeen-headquartered KCA Deutag has landed a contract worth $550 million (£408m) in Oman, securing nearly 200 jobs.