Economy
Shell Signs Agreement on Energy Development in Oman

[rev_slider alias=”Shell Signs Agreement”]
Shell Gas & Power Developments B.V. (Shell) has signed a Memorandum of Understanding (MoU) with the Government of Oman to cover proposed energy development projects in Oman. The agreement covers upstream gas exploration and development, gas-to-liquids (GTL), liquified natural gas (LNG) and renewable energies.
The MoU sets out an initial mutual understanding between Shell and Oman and serves as a platform for further negotiations on the proposed developments. Under the agreement, Shell is to operate an upstream project with Total and Oman Oil Company (OOC) as partners. It will also operate a GTL project with OOC as a partner.
The proposed investments will help Oman meet its energy needs and growth aspirations and are aligned with Shell’s strategy of building a resilient and relevant portfolio that is positioned for long term success.
On signing the agreement, Maarten Wetselaar, Shell Integrated Gas & New Energies Director, said: “Shell has a long and proud history in Oman, and we are pleased to have the opportunity to take it to new levels through our proposed programme of development and investment in the country. We are hopeful we can use Shell’s integrated gas and new energies investment to accelerate Oman’s diversification and industrialization agenda. The proposals could also enhance in-country value, resulting in value and job creation in Oman’s economy.”
Chris Breeze, Shell’s Country Chair in Oman, said: “We are focused on maximising value for Oman and Shell by sustainably developing the country’s resources and increasing the share of renewable energy in Oman’s energy mix. This is in line with Shell’s aim to provide more and cleaner energy solutions.”
The MoU sets out an initial mutual understanding between Shell and Oman and serves as a platform for further negotiations on the proposed developments. Further announcements will be made as and when appropriate.
-
Banking & Finance5 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
Leaders Speak2 months ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
OER Magazines1 month ago
OER, May 2025
-
Bahrain4 days ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Renewables2 months ago
Sembcorp’s 588MW Solar Power Plant In Oman Begins Commercial Operation
You must be logged in to post a comment Login