Oman, Türkiye sign pact on cooperation in energy sector
The memorandum of understanding was signed by Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, and Alparslan Bayraktar, Turkish Minister of Energy and Natural Resources.
The memorandum of understanding covers areas of cooperation in the oil and gas sectors, trade in liquefied natural gas (LNG), renewable energy, energy efficiency, alternative fuels, green hydrogen and carbon capture technologies.
The memorandum of understanding also includes the exchange of expertise and technology, cooperation in developing joint projects and holding technical events in a manner that contributes to the realisation of the shared goals of sustainable development and transition to clean energy.
In addition, the memorandum of understanding provides for cooperation in exchanging information and expertise, developing regulatory policies that enhance energy efficiency and exploring opportunities in financing and innovative technologies for the production, storage and transportation of green hydrogen.
The memorandum of understanding affirms Oman's commitment to enhance international partnerships in the energy sector and expand areas of cooperation with friendly countries with the prime aim of achieving common interests and supporting national efforts to meet carbon neutrality goals and enhance the Sultanate of Oman's position as a regional energy hub.
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