13
May
2025
Oman launches Net Zero Centre and signs US$2bn Green Energy Deals at OPES 2025
Great to attend Oman Petroleum & Energy Show 2025 in Muscat which was coupled with Oman Sustainability Week - OSW.
Oman's energy market is characterised by its oil and gas reserves. The country has made significant investments in enhancing its production capabilities and infrastructure. The state-owned petroleum company, Petroleum Development Oman (PDO), plays a central role in driving these initiatives. PDO's efforts to optimize oil extraction techniques and explore new fields have contributed to Oman's position as a player in the global energy market. bp and Oxy are also major players in Oman.
The Energy Industries Council (EIC) is currently tracking 92 energy projects with a market value for the region of US$135.5 billion for the period to 2030.
In addition to its oil and gas resources, Oman has considerable potential for renewable energy development. The country's geographical location and climate conditions make it an ideal candidate for solar and wind energy projects. Oman has already initiated several renewable energy projects, such as the Dhofar Wind Power Project and the Amin Solar PV Project, which aim to harness the country's natural resources.
During the event Oman inaugurated its Net-Zero Centre and in another major push for green investments, state owned energy company OQ signed 13 strategic agreements worth over US$2bn to boost renewable energy projects across the country.
Mohammad Abu Zahra, Head of MEA Region at Global CCS Institute was a key panel speaker on the topic of Beyond targets: operationalising carbon capture in the oil and gas sector.
HFI was delighted to join Chrysovalantis Mikrommatis, VP and Jimmy George, Senior Business Development Manager of Yellow Door Energy. Yellow Door is a leading sustainable energy partner for businesses, serving commercial and industrial customers in the Middle East and Africa. The company’s solar and battery energy storage system solutions enable businesses to reduce energy costs, improve power reliability and lower carbon emissions.
Yellow Door Energy was founded in 2015 in the UAE and is led by Jeremy Crane, CEO & Founder and the company has over 350 megawatts of solar projects in the Middle East and Africa. Yellow Door Energy’s shareholders are Actis, the IFC - International Finance Corporation, Mitsui and The Arab Energy Fund.
HFI is keen to play a key role in supporting clients’ business growth opportunities in the Middle East energy transition – routes to growth include acquisitions, local partner ventures, in region group structures, technology supply and technical services contracts and in-region manufacturing ventures.