OQGN awards major contract for Fahud–Suhar gas pipeline
The total project, valued at approximately RO 105 million, is scheduled for completion within 24 months. OQ confirmed that the cost will be integrated into its Regulated Asset Base (RAB), ensuring that the return on investment will be calculated under the approved Weighted Average Cost of Capital (WACC). Under Price Control 3, the applicable WACC is set at 7.79 per cent and will remain in effect until 2027.
This new pipeline forms a critical part of OQ's strategy to expand its transmission network and improve the resilience of natural gas supply to key regions in northern Oman. It will help accommodate increasing industrial demand and improve energy access in major zones such as Suhar. The project also supports national economic diversification by enabling more efficient and reliable delivery of energy to existing and emerging industries. — ONA
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