OQ eyes role as Oman’s energy transition ‘champion’

OQ eyes role as Oman’s energy transition ‘champion’

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OQ, the global integrated energy group of the Sultanate of Oman, says it wants to emerge as a “champion” of the nation’s ambitious decarbonisation and energy transition strategy.

A key executive of the energy group – part of integrated sovereign wealth fund Oman Investment Authority (OIA) –cited OQ’s preeminent role in shaping the country’s low-carbon energy future.

“We have been taking bold steps in the green hydrogen space, having already announced about four projects that should bring in about 30 gigawatts (GW) of renewables to support green hydrogen'', said Najla al Jamali, Chief Executive – OQ Alternative Energy. “We hope this will (position) us, as a state-owned enterprise, as a champion for energy transition and green hydrogen going forward.”

The official made the comments during an Executive Plenary Session organised as part of the SPE Conference – Oman Petroleum & Energy Show held in Muscat last week. Discussions focused on the theme, ‘How the Petroleum Industry is Preparing Itself for the Era of Decarbonisation and Energy Transition’.

According to Najla, OQ Alternative Energy’s decarbonisation strategy encompasses three pillars: Energy Excellence, Clean Energy and Low Carbon Molecules. “We want to look at decarbonisation as a journey, starting with Energy Efficiency as the low hanging fruit;