Oman is rich in renewables
Oman completes green licensing round
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
Oman’s energy sector projects have historically moved slowly: a greenfield refinery at Duqm, its flagship downstream project since the late 2000s, started up only in February. Hydrocarbon licensing rounds are also drawn-out affairs. However, less than 18 months after the sultanate launched its innovative system of green hydrogen auctions—whereby prospective developers bid for allocation of land in the most renewables-rich areas to carry out integrated production projects—eight schemes have been licensed. The projects envisage total output of 1.4mt/yr by the end of the decade and investment of more than $49b, roughly equivalent to the country’s entire existing foreign direct investment stock.
Also in this section
11 April 2025
Tariffs and other protectionist measures raise questions about China’s plans to export green fuels and electrolysers, despite its huge cost advantages
11 April 2025
German firm reserves site for three-phase project as developers flock to Europe’s latest green hydrogen hotspot
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
7 April 2025
SAF provides a viable offtake solution for hydrogen producers and benefits from regulatory mandates and strong political support, ensuring long-term demand at higher prices
