Energy Oman’s investment at $2bn in Musandam energy projects By Pramod Kumar January 22, 2024, 4:09 AM Oman News Agency Oman's Musandam gas processing plant is pivotal to the region's energy infrastructure and supports the energy needs of the governorate Oman energy investment company OQ SAOC said its investment in three major energy projects in the Musandam governorate has reached OMR800 million ($2.09 billion). These projects include the Musandam gas plant, the management of offshore fields in concession area 8 and the Musandam power plant, the state-run Oman News Agency reported. Oman’s wheat production surges 230% Oman pushes $5.2bn plan to boost small business growth Oman could become world leader in geologic hydrogen The Musandam gas processing plant is pivotal in the region’s energy infrastructure and supports the energy needs of the governorate. OQ also operates the offshore fields in concession area 8, owned by the ministry of energy and minerals. Since initiating the oil and gas production operations in January 2019, OQ has focused on boosting operational efficiency, increasing production and reducing operating costs in the Bukha and West Bukha fields. The Musandam power plant has a production capacity of about 120 megawatts per hour. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
