Latest news with #OmanSustainabilityWeek2025
Kuwait Times
14-05-2025
- Business
- Kuwait Times
KOC highlights innovation and sustainability
MUSCAT: Chief Executive Officer for Planning and Innovation at Kuwait Oil Company (KOC), Mohammad Al-Abduljaleel, affirmed Kuwait's commitment to active participation in regional and international energy forums to showcase its leadership in the oil and gas sector. Speaking to Kuwait News Agency (KUNA) on the sidelines of the Oman Petroleum and Energy Conference and Oman Sustainability Week 2025, Al-Abduljaleel said the company's involvement reflects Kuwait's dedication to highlighting its pioneering role in the global energy landscape. The event, which commenced on Monday, is set to conclude on Wednesday. Al-Abduljaleel noted that KOC's delegation includes a number of experts and engineers who are presenting technical papers and case studies that spotlight the company's latest innovations and operational advancements. These include developments in oil and gas operations, as well as strides in health, safety, security, the environment, social responsibility, and sustainability. He underscored KOC's ongoing efforts to accelerate digital transformation, enhance operational efficiency, and reinforce its environmental sustainability initiatives in alignment with its responsibilities to future generations. These initiatives, he said, support the objectives of the 'New Kuwait 2035' vision and aim to bolster the country's status as a regional and global hub for energy and technology. Al-Abduljaleel emphasized the importance of international energy gatherings in facilitating the exchange of knowledge, best practices, and technical expertise, as well as providing opportunities for high-level meetings with industry leaders. He expressed appreciation to Oman's Minister of Energy and Minerals, Salim Al-Aufi, for sponsoring the event and praised the organizers for their efforts in hosting a world-class forum, highlighting Oman's capacity to convene major international events. Deputy CEO for Projects and Engineering at KOC, Fahad Al-Kharqawi, also spoke to KUNA, reiterating the company's central role in advancing the oil sector through forward-looking strategies that align with global trends. He stressed that KOC remains a key pillar of Kuwait's economic development and prosperity. Al-Kharqawi attributed KOC's successes to the dedication of its workforce and reaffirmed the company's commitment to initiatives that strengthen Kuwait's position in the global energy arena while promoting comprehensive and sustainable national development. He added that the sessions at the Oman conference will spotlight cutting-edge sustainability practices, circular economy frameworks, and innovations in energy transition, renewable energy integration, and digitalization. Discussions will also address the future of liquefied natural gas in the region. Over 350 companies from various sectors are taking part in the conference. KOC is participating with a dedicated pavilion, presenting its most notable achievements and projects. The company's high-level delegation includes, alongside Al-Abduljaleel and Al-Kharqawi, several group managers, team leaders, and senior technical personnel. — KUNA
Muscat Daily
13-05-2025
- Business
- Muscat Daily
Oman, Switzerland discuss cooperation in clean energy
Muscat – Seventeen Swiss government and private sector companies participated in Oman Sustainability Week 2025, highlighting their commitment to advancing clean energy and sustainability in the region. To mark the occasion, the Embassy of Switzerland in Oman and Switzerland Global Enterprise hosted a dinner reception on Monday, bringing together key stakeholders from both countries. The event was attended by H E Dr Thomas Oertle, Switzerland's Ambassador to Oman, and Angelica Schempp, Consul General and Head of Swiss Business Hub Middle East. It provided a platform for dialogue on sustainable energy, infrastructure and innovation, reinforcing Switzerland's commitment to green partnerships in the Middle East. Prominent figures shared their perspectives during the gathering, including Dr Firas al Abduwani, Director General of Renewable Energy and Hydrogen at Ministry of Energy and Minerals; Markus Reubi, Delegate of Swiss Federal Council for the 2030 Agenda; Roger Sonderegger, Head of New Energy Systems Sector at Swissmem; and Dominique Aubert, Senior Vice-President at SERV Swiss Export Risk Insurance. Addressing the gathering, H E Oertle emphasised the importance of strengthening ties between Swiss and Omani businesses. 'This event aims to foster stronger ties between Swiss and Omani business and government leaders. We have 17 participants from both government and private sectors from Switzerland, and for many, this is their first visit,' he said. He added that the visit coincides with the Oman Petroleum and Energy Show, providing additional networking opportunities for the Swiss delegation. 'We look forward to more investment and trade in various industries, including energy, construction, AI and cybersecurity,' H E Oertle noted. He also highlighted the potential of the Free Trade Agreement between Switzerland and the GCC, calling it an underutilised asset. 'We hope this meeting will help unlock more opportunities for cooperation,' he said.
Muscat Daily
12-05-2025
- Business
- Muscat Daily
OQ inks renewable energy pacts worth $2bn
Muscat – Global energy investment group OQ signed 13 renewable energy agreements worth over US$2bn during Oman Sustainability Week 2025 on Monday, marking a significant step in its efforts to support the sultanate's net zero goals for 2050. The agreements, signed by Ashraf bin Hamad al Mamari, CEO of OQ Group, and Najla Zuhair al Jamali, CEO of OQ Alternative Energy (OQAE), involve project development partnerships, financing arrangements with local banks and equipment supply contracts to accelerate clean energy projects. 'These agreements mark a strategic advancement in OQ's renewable energy leadership and reflect our unwavering support for Oman's 2050 net zero goals,' Mamari said. 'Recognising clean and sustainable sources as the future of energy, we're collaborating with national and international partners to establish new investment opportunities in clean energy infrastructure.' The deals cover major projects including high-capacity solar and wind installations in Suhar and Duqm, such as the Riyah-1 and Riyah-2 plants and the North Oman Solar Project. These facilities will supply clean power to the national grid and oil and gas production sites under long-term offtake agreements, significantly reducing carbon emissions. As part of its broader decarbonisation strategy, OQ also signed a deal with Japan's Mitsubishi Heavy Industries to conduct pre-feasibility studies for carbon capture technologies across its assets in Oman. The partnership will assess the full CO₂ value cha-in, from capture and transport to utilisation and storage, to build commercially viable business cases. The agreements extend to major industrial clients including Jindal, Vale Oman, Oxy and United Solar Polysilicon, ensuring secure renewable power supply as they transition to more sustainable operations. The deals also emphasise industrial localisation, with a focus on boosting in-country value through partnerships like one with Voltamp for local transformer manufacturing, supporting Oman's goal to become a regional clean energy hub. OQAE's Najla said, 'These agreements operationalise our strategy to promote renewable energy and accelerate the transition to a low-emission economy. These partnerships demonstrate international confidence in OQ's capabilities and investment framework as we expand our portfolio of high-quality projects.'
Observer
12-05-2025
- Business
- Observer
Asyad Group adopts Global Impact Disclosure Framework
MUSCAT: Asyad Group announced the launch of its 'Global Impact Disclosure Framework', marking it as the first Omani company and second global logistics provider to disclose its sustainability impact through the global framework established by the Impact Disclosure Taskforce, in collaboration with J P Morgan's Development Finance Institution. As one of the first logistics providers in the region to adopt this advanced global framework, Asyad is setting new standards for evaluating the impact of its development projects in relation to the UN Sustainable Development Goals (SDGs). This disclosure bolsters global financial market confidence and catalysis more green investments in Oman. The launch was announced during Asyad Group's participation in the Oman Sustainability Week 2025, where Asyad was also awarded the Platinum Award in ESG, for the second consecutive year, in recognition of its leading role in embedding sustainability standards across its operations and their innovative green logistics solutions that contribute to Oman's Net-Zero 2050 goals. Essam al Sheibany, Vice President of Sustainability at Asyad Group, emphasised that this disclosure reflects the Group's deep commitment to sustainable development and effective governance, stating: 'We believe that transparency is the foundation of real progress. This framework provides clearer visibility into the environmental and social impact of our logistics investments, enabling stronger partnerships and reinforcing our role in shaping a low-emissions, future-ready logistics sector.
Muscat Daily
12-05-2025
- Automotive
- Muscat Daily
Pact signed to start food delivery using e-bikes in Muscat
Muscat – EVO, Oman's green mobility provider, and talabat, a regional on-demand delivery platform, have signed a memorandum of understanding to launch a six-month pilot of swappable battery e-bikes, marking Oman's first large-scale electric last-mile delivery trial. The signing ceremony – held under the patronage of H E Eng Khamis bin Mohammed al Shamakhi, Undersecretary for Transport at the Ministry of Transport, Communications and IT, on Monday – came during the ministry's participation in the Green Mobility Exhibition, part of Oman Sustainability Week 2025, which began on Monday at the Oman Convention and Exhibition Centre (OCEC) and runs until Wednesday. The event, which aligns with Oman's long-term target of achieving net-zero emissions by 2050, is billed as the country's largest platform for showcasing smart and sustainable transport technologies. The wilayat of Bausher has been selected as the first phase of implementation. Under the project, EVO will provide 10 e-bikes and three battery swapping and charging stations to talabat's logistics partners. Thuraiya al Wahaibi, logistics operation specialist at the Ministry of Transport Communication and IT (MTCIT) said, 'This long-awaited pilot project for food and ready-meal delivery using electric bikes marks a significant step toward sustainable and efficient last-mile services.' She added that the ministry plays a central role in regulating the sector and facilitating procedures related to electric vehicles and consistently seeks integration and collaboration with the private sector in various initiatives under its mandate. An official from MTCIT said the project aims to cut emissions in the transport sector while supporting last-mile logistics through low-emission delivery services. The ministry said the collaboration with Talabat and EVO aims to create practical, scalable models for environmentally friendly logistics in Oman's urban areas. The MTCIT's pavilion features projects including electric vehicle solutions, charging infrastructure, intelligent transport systems, and digital transformation initiatives in the mobility sector. The ministry further participated in a panel discussion focused on advancing green mobility in Oman. The discussions highlighted national and regional initiatives, with contributions from the Net Zero team presenting key strategies.
