As part of Oman''s broader strategy for economic diversification, efforts to position the sultanate as an international centre for the storage of crude oil and its derivatives are well under way. At the heart of the country''s appeal is its strategic location, which offers easy access to a range of markets in South Asia,
MUSCAT: Nama Power and Water Procurement Company (PWP), the single buyer of output from power generation and water desalination projects in the Sultanate of Oman, is making headway in the implementation of a strategic study aimed …
Finally, TotalEnergies (49%) and OQ Alternative Energy (51%), the national renewable energy champion, have confirmed being at an advanced stage of …
ohc@gutech .om Oman Hydrogen Centre, 3D Building, Sultanate of Oman, PO Box: 1816, PC: 130 +968 22061303 Oman Hydrogen Centre - (OHC)
OIA''s direct investments represent one of three arms that together make up its Future Generation Fund (FGF), whose portfolio has ballooned to RO 7.065 billion as of 2023-end. The top performer was the Public Markets arm, which achieved high returns of 9.8%, exceeding the 5% target annual return for the Future Generations Fund.
MUSCAT, MARCH 31. A Memorandum of Understanding (MoU) signed recently by well-known Omani firm Nafath Renewable Energy with Takhzeen, a 100% …
The OQ Liquified Petroleum Gas (OQ LPG) facility, a first-of-its-kind gas treatment project in Oman to extract LPG and condensate from OQ''s gas network, has the potential to create a new energy hub in Dhofar region. OQ on Monday announced the start of trial production and commissioning of OQ LPG facility, which has been built […]
CIP. DA. Hydrogen Island. An island in the North Sea dedicated to green hydrogen production. Our Vision. The green transition must be accelerated to ensure the sustainable and independent energy supply of the future. It requires ambitious solutions, innovative technologies, and the courage to think big. A new Danish energy island dedicated to ...
Business Development Team. Tel: +968 22144602. E-mail: business [email protected]. Oman Tank Terminal Company (OTTCO) is a wholly owned subsidiary of OQ () - Oman''s integrated energy company. OTTCO was established in 2014 to develop the Middle East crude oil hub in Ras Markaz.
March 11, 2024. OMAN MIDDLE EAST REAL ESTATE. Oman''s Ministry of Housing and Urban Planning (MoHUP) has announced plans for a reimagined waterfront project, Al Khuwair Muscat Downtown and Waterfront Development, to be set up in the capital at a total investment of $1.3 billion. Spanning 3.3 million sq m area, the project has been …
SHANGHAI, June 17, 2024 /PRNewswire/ -- At the 17th International Solar Photovoltaic and Smart Energy (Shanghai) Conference, Eenovance Energy proudly showcased its latest advancements in energy storage technology. The presentation featured a broad range of energy storage products and solutions, demonstrating Eenovance''s commitment to …
His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy and Mineral, unveiled today the Sultanate of Oman''s new climate commitment and its ambitious green hydrogen strategy. Under the leadership of His Majesty Sultan Haitham bin Tariq Al Said, Oman has committed to reaching Net Zero Emissions in 2050, in line with the Paris …
MUSCAT: Having set in motion an ambitious plan to harness solar and wind resources for low-carbon electricity generation, the Sultanate of Oman is now moving to …
H.E. Eng. Salim bin Nasser al Aufi, Minister of Energy and Minerals, affirmed Oman''s commitment to developing storage capacity to address imbalances in supply from renewable resources, such as solar and wind. "The main challenge is how can we bring an unstable power generation system into the grid and continue to use it as a …
The ''Optimum Energy Mix and Storage Options Study'' is one of a large portfolio of initiatives currently in various stages of development and implementation with the overall goal to drive Oman''s Net Zero journey. It spans projects and programmes to support the adoption of large-scale solar and wind based renewables, enhance energy ...
British architecture studio Zaha Hadid Architects is set to create a waterfront development in Muscat, Oman, that will include canal walkways and have a design "emphasising climate resilience ...
This paper aims to review energy storage options for the Main Interconnected System (MIS) in Oman. In addition, it presents a techno-economic case …
Published: 5:16 PM, Mar 21, 2023. Listen. The Oman Power and Water Procurement Company (OPWP), the single buyer of electricity and water output in the Sultanate of Oman, says it plans to study options for energy storage development as part of the nation''s transition to a greener and sustainable future. The move – a first in Oman''s power ...
Sur – Oman is considering developing local energy storage solutions to accelerate the sultanate''s transition to renewable energy sources, according to the Minister of Energy and Minerals. H E Salim bin Nasser al Aufi said sustainable energy storage solutions will play a crucial role in achieving the sultanate''s goal of generating at least …
The latest announcement overturns an earlier plan for Oman to acquire three independent wind energy projects, as outlined in the company''s previously published Seven Year Statement for 2022-28. That document, released early last year, indicated plans to begin the process of acquiring three wind power generation plants, a commercial-scale …
Fine particle emissions by 99%. "We are proud to open a new chapter in our history in the Sultanate of Oman with the launch of the Marsa LNG project, together …
Making the breakthrough: Green hydrogen policies and technology costs June 25, 2023. X2E: A Novel Blueprint for Waste Net Zero in Oman June 26, 2023. Driving the future with Oman''s greenest fuel September 17, …
Muscat – In the year of its 50th anniversary, Oiltanking has taken the first step in its new journey in Oman by creating ADVARIO, a carve-out company focused on growth in chemicals, gases and new energies. The new direction mirrors the company''s forward-looking approach to taking a frontrunner role in the energy transition by ensuring …
China And Iran Zero-In On Oman''s Massive New Oil Storage Project. By Simon Watkins - Aug 24, 2021, 5:00 PM CDT. Oman occupies a strategically vital position in the geography of the Middle East ...
Oman''s National Energy Strategy and Vision 2040 have set ambitious targets for scaling up renewable energy and improving energy efficiency. By diversifying energy technologies and increasing the penetration of renewable energy sources, Muscat aims to reduce dependence on fossil fuels and promote sustainable development.
Green Hydrogen Summit Oman goes global, unveils new logo May 1, 2024 Resource assessment underway at Hydrogen Duqm project site Apr 17, 2024 ...
Muscat – French energy giant TotalEnergies and OQ, Oman''s global integrated energy company, announced on Monday the Final Investment Decision (FID) …
Phase 1 of a world-scale Crude Oil Storage Terminal, currently nearing completion at Ras Markaz on the Sultanate''s southeastern coast, is slated to come into operation in the first quarter of 2022. Developed by Oman Tank Terminal Company (OTTCO), a wholly-owned subsidiary of OQ — the Sultanate''s integrated energy group …
TotalEnergies has signed an agreement with Oman LNG to offtake 0.8Mtpa of LNG for ten years from 2025, becoming one of the main offtakers of Oman LNG''s production. In addition, TotalEnergies and OQ Alternative Energy are in deep talks to jointly develop a portfolio of up to 800MW, including the 300MWp solar project that will supply …
The ''Optimum Energy Mix and Storage Options Study'' is one of a large portfolio of initiatives currently in various stages of development and implementation with the overall goal to drive Oman ...
Sur – Oman is considering developing local energy storage solutions to accelerate the sultanate''s transition to renewable energy sources, according to the …
Oman Tank Terminal Co. has almost finished constructing eight tanks to store crude for a new refinery near the town of Duqm on the Arabian Sea. It''s now pushing ahead with others that could be ...
Published: 9:38 PM, Jun 12, 2024. Listen. The energy sector of the Sultanate of Oman has been identified as a promising sector for economic diversification during the 10th five-year development plan (2021-2025). It is also the first operational plan for Oman''s Vision 2040 in which renewable energy is one of the pivotal pillars to provide ...
Published: 6:51 PM, Dec 15, 2019. 1396165. Listen. MUSCAT, DEC 15 - Battery energy storage is set to make its debut on a significant scale in the Sultanate as part of the planned development of a series of small-scale solar PV – diesel hybrid projects across Oman. The Rural Areas Electricity Company (Tanweer), a subsidiary of The Electricity ...
XIAMEN, China, Jan. 12, 2024 /PRNewswire/ — On January 11th, Bloomberg New Energy Finance (BNEF) unveiled its inaugural Tier 1 Energy Storage List, which includes Xiamen Kehua Digital Energy Tech CO., Ltd (referred to as Kehua), signifying a notable achievement in the industry. The list aims to establish a transparent differentiation system …
When fully built, in increment stages over several years, the facility will offer a world-leading 200 million barrels of storage capacity. A total of 40 sq kilometres has …