Oman’s OQ mandated to help decarbonise oil firms and industrial clusters

Oman’s OQ mandated to help decarbonise oil firms and industrial clusters

OQ Group, the global integrated energy group of the Sultanate of Oman, says it has been tapped by the Ministry of Energy and Minerals to assist oil and gas companies as well as industrial zones — among the biggest domestic contributions of greenhouse gas emissions — with their decarbonisation goals by making available the supply of clean energy resources. Wholly state-owned OQ Group — part of Oman Investment Authority (OIA) — said the commitment is part of a large portfolio of initiatives planned by the Group in support of its own decarbonisation strategy, as well as the nation’s Net Zero journey. “OQ has been working closely with the Ministry of Energy and Minerals (MoEM) to charter a clear pathway for decarbonisation and carbon neutrality in the country, with MoEM mandating OQ to help oil and gas concessions and industrial clusters in the country to decarbonise through supply of clean energy,” the Group stated in its newly published 2022 Annual Report. A decarbonisation plan approved by the Board last December sets out Net Zero roadmaps for OQ’s sizable Oman-based operational assets. “These roadmaps identify opportunities across four clear pathways; energy excellence, clean energy, low carbon molecules and negative emissions to decarbonise