We are working on how we could translate this new vision into an actionable plan. It is a bit early to talk about it in detail now as we are working with our shareholders on it. However, value creation will continue to be an integral component of our business plans. What I can say is that with the formulation of a new strategy to meet the new vision of the Company, we will be better placed to share our expertise in a wide range of areas including ICV, Lean, training, FEED, core operations and technical services, etc. to best serve the interests of the country and our communities.

Apart from organisations within Oman, many national oil companies (NOCs) from the GCC region as well as large International Oil Companies (IOCs) regularly visit us to learn from our experience in these areas and we can leverage such expertise as a consultancy or service provider both within Oman and beyond our borders.

As mentioned, one area we are strongly focusing on is renewable energy, especially solar. We have been encouraged by the success of our Miraah 1.021 GW solar energy project, being developed with partner GlassPoint Solar, and our solar roof panel installation in our parking areas. We also plan to embark on a number of solar generation projects in the near future, and are working on setting up the required supply chain for optimally harnessing the Sultanate’s solar energy potential.

According to MEED reports, the Middle East and North Africa (MENA) region has more than 67GW of clean energy projects at various stages of the design and study stage requiring an investment of over $200 billion. There is also the potential to create 200,000 jobs. This shows the changing energy landscape in the region. With our proven credentials in this domain, we want PDO to be a part of this transformation and benefit from the emerging opportunities.

This will help us to serve the nation’s interests more effectively in the coming decades and take our value creation contribution to a new high.

Pages: 1 2 3 4 5