Oman inks agreement with UK-based BP for renewable energy development

Oman inks agreement with UK-based BP for renewable energy development

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Oman’s Ministry of Energy and Minerals and the British multinational oil and gas company BP have signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement to explore development of a multi-gigawatt renewable energy and green hydrogen hub by 2030.

As part of the agreement, BP will collect 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 company said. The renewable energy resources could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets.

Under the SFA, BP and Oman will also consider ways to collaborate in several areas, including a renewables strategy, regulation, the establishment of a renewable energy hub, and the development and reskilling of the local workforce.

Bernard LooneyCEO – BP

“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