MoC inked for blue hydrogen development in Oman

MoC inked for blue hydrogen development in Oman

Muscat: The Ministry of Energy and Minerals signed today a Memorandum of Cooperation (MoC) in the field of Carbon Capture, Utilisation and Storage (CCUS) and blue hydrogen development in the Sultanate of Oman. The MoC was signed with Petroleum Development Oman (PDO), Oman Shell, OQGN and Oxy. The MoC aims to form an expertise house that contributes to the development of the regulatory and strategic framework in this field. The MoC comes as part of the government-led initiatives focused on carbon capture technologies and blue hydrogen production to achieve Oman's energy transition strategy for Energy transition, and the Sultanate of Oman's announcement of achieving net zero by 2050. The CCUS technology presents promising solutions to reduce carbon emissions and achieve Net Zero, particularly in the oil and gas production sectors, industries, and fossil fuel-based power plants. The Sultanate of Oman's National Strategy for an orderly transition to Net Zero has indicated that CCUS will contribute to a significant reduction (approximately 15%) in domestic emissions, thereby facilitating Oman's journey toward Net Zero by 2050. This MoC represents a continuation of efforts to find practical solutions to reduce carbon emissions and enable pioneering initiatives and future projects related to the field of