Oman forms strategic partnership with bp and for renewable energy development

Oman forms strategic partnership with bp and for renewable energy development

Muscat: bp and the Ministry of Energy and Minerals in Oman on Monday signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030. As part of the agreement, bp will capture and evaluate solar and wind data from 8, 000km2 of land – an area more than five times the size of Greater London. The evaluation will then support the Government of Oman in approving the future developments of renewable energy hubs at suitable locations within this area to take advantage of these resources. The renewable energy resources could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets. "Today's agreement represents what bp is able to offer as an integrated energy company. These projects will build on our gas business, and bring wind, solar and green hydrogen together in a distinctive and integrated way supporting Oman's low carbon energy goals," Bernard Looney, chief executive officer, said. This partnership represents a significant evolution of bp's business in Oman and is aligned with bp's strategy, which includes rapidly growing our developed