Category: News

Under the supervision of the Ministry of Energy and Minerals of the Sultanate of Oman, OPAL and MCREEE signed an agreement to Study Labor Market Needs in the energy transition

Muscat, Oman – In a move to empower a skilled workforce for the country’s energy transition, the Oman Energy Association (OEA) and the Majan Energy Center (MCREEE) signed a landmark agreement today, under the supervision of the Ministry of Energy and Minerals. This collaboration will see a comprehensive study conducted to analyze labor market needs […]
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Further boost for Vale’s ‘Mega Hub’ plan in Oman

Image Source: Fitch Solution Brazilian mining conglomerate Vale’s recent announcement that it had successfully launched the world’s first iron ore briquette project at Vitoria in the southeast of Brazil, represents a further boost for its goal to establish a low-carbon ‘Mega Hub’ at Duqm in the Sultanate of Oman. Vale SA, the world’s largest iron […]
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Oman targets 11 PPP projects for implementation in 2024

Image Source: Oman Times The Omani government has announced plans to progress the implementation of as many as 11 sizable projects and initiatives under its strategic Public-Private Partnership (PPP) programme during 2024. The projects in question, outlined in the 2024 State Budget, span several sectors, including Transport & Logistics, Health, Education, Agriculture and Fisheries, Construction, […]
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Veolia And TotalEnergies Power Oman’s Largest Solar Farm For Desalination Plant

Image Source: Asian Power H.E. Eng. Salim bin Nasser Al-Aufi, the Minister of Energy and Minerals in Oman, has officially inaugurated a 17-megawatt peak (MWp) solar photovoltaic (PV) farm designed to power the Sharqiyah Desalination Plant in Sur, Oman. This solar farm, the largest of its kind for a desalination facility in Oman, boasts an […]
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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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Oman’s green hydrogen projects to support GDP growth, Fitch says

Image Source: Oman News Agency Oman’s aim to expand domestic green hydrogen production could support its gross domestic product, fiscal revenue and the balance of payments over the long term amid the global energy transition, according to Fitch Ratings. The main effect of the green hydrogen development plan in the near term is likely to be on investment […]
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Oman set to issue RFQs for major renewable energy projects

Image Source: Oman Sustainability Week Oman is set to issue Requests for Qualifications (RFQs) for multiple renewable energy projects this year. The plans, announced by Nama Power & Water Procurement Co (PWP), involve four wind-based Independent Power Projects (IPPs), a mid-sized solar PV-based IPP, and a Waste-to-Energy initiative. The projects will be procured through competitive bidding, with RFQs expected […]
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