News

HFI is delighted to introduce HFI’s Oman Ventures Initiative (OMVI) – please click here for the interactive flipbook and please click here for the static PDF.

OMVI supports ventures which are centred on advanced petroleum technology and hydrogen and other energy transition ventures. The EIC (Energy Industries Council) DataStream service is currently tracking approximately 78 major energy sector projects in Oman across upstream oil & gas, refineries, petrochemicals and renewables, representing US$121 billion of opportunities. This is 18% of the total GCC US$660 billion market size.

The oil & gas market is quantified at US$54 billion with the leading players being Petroleum Development Oman, bp, Shumookh Investment & Services Company, Duqm Refinery and Petrochemical Industries Co., Oman Wanfang, South Asia Gas Enterprise Pvt Ltd, Salalah Refinery, Genoil Inc., Majan Energy Petroleum, Project Development & Management International, OMIFCO S.A.O.C, TotalEnergies E&P Oman, Oman LNG L.L.C., and Occidental Mukhaizna. The energy transition market is quantified at US$54 billion with the leading players being Copenhagen Infrastructure Partners, OQ, POSCO, bp, Acme Solar USA, MadaynOman, and @Oman Power and Water Procurement Company. The power and transmission & distribution market is quantified at US$9 billion with the leading players being Oman Electricity Transmission Company, Oman Power and Water Procurement Company, and GCC Interconnection Authority ( GCCIA ).

HFI’s OMVI, in association with our local network legal partners, supports the planning and implementation of energy ventures in Oman including technology licensing, joint ventures, acquisitions, restructurings and divestments. The launch of OMVI follows on from major energy conferences recently held in Oman: Green Hydrogen Summit, last held in December 2023; Oman Petroleum & Energy Show last held in April 2024; and Oman Sustainability Week - OSW, last held in April/May 2024.

Please get in touch if you wish to discuss your Oman energy business ventures. We would be delighted to support you.