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Zawya
15-07-2025
- Business
- Zawya
Oman, Türkiye deal opens avenues in oil, gas and renewables
Muscat – Oman and Türkiye signed a memorandum of understanding on Monday to deepen technical and investment cooperation across the energy spectrum, from oil and gas to green hydrogen and carbon‑capture technology. The agreement was inked in Muscat by H E Salim bin Nasser al Aufi, Oman's Minister of Energy and Minerals, and his Turkish counterpart Alparslan Bayraktar. It commits both sides to exchange expertise, align regulatory policies, explore joint projects and study financing options aimed at boosting efficiency and accelerating the transition to cleaner fuels. Areas of collaboration include crude exploration, liquefied natural gas trade, renewable power, energy‑storage solutions and alternative fuels. A dedicated workstream will examine production, storage and transport of green hydrogen – an emerging focus for Oman's 2050 net‑zero drive. 'The MoU embodies the depth of our strategic relations and sets a platform for innovative partnerships in renewables, efficiency and low‑carbon technologies,' H E Aufi said. He added that the pact supports Oman's ambition to become a regional hub for sustainable energy while attracting foreign direct investment. Bayraktar described Oman as a 'key producer and exporter' and said the deal would unlock 'tremendous opportunities' in electricity generation, transmission and market liberalisation. He pointed to Türkiye's 2022 long‑term purchase agreement with Omani LNG and signalled Ankara's interest in expanding volumes and taking part in upstream projects. Joint investment push Bayraktar also met Abdulsalam al Murshidi, President of Oman Investment Authority, to review progress on the US$500mn Omani‑Turkish Joint Investment Fund established with Türkiye's state‑backed Oyak Fund. The fund primarily targets investments in Oman and Türkiye, in addition to promising strategic opportunities worldwide, particularly in mining and metals, automotives, logistics, chemicals, agriculture and food and energy sectors. Discussions covered exploring profitable growth opportunities in promising sectors that serve the economic interests of both countries, contribute to strengthening bilateral relations, and localising technologies and knowledge. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
15-07-2025
- Business
- Zawya
Oman and Turkey sign strategic energy pact
Oman and Turkey have taken a significant step towards strengthening bilateral ties with the signing of a wide-ranging Memorandum of Understanding in the energy sector. The agreement, formalised in Muscat, aims to bolster technical collaboration, enhance investment flows and support both nations' transition to sustainable energy systems. The MoU was signed by Salim bin Nasser al Aufi, Minister of Energy and Minerals and Alparslan Bayraktar, Turkish Minister of Energy and Natural Resources. The agreement covers several strategic areas of cooperation, including oil and gas exploration, trade in liquefied natural gas (LNG), renewable energy development, energy efficiency and alternative fuels. Key provisions also focus on advancing joint projects in green hydrogen production and carbon capture technologies — critical elements in the global push towards decarbonisation. Under the MoU, both parties have committed to sharing technical expertise and policy experience, developing regulatory frameworks to enhance energy efficiency and exploring innovative technologies and financing mechanisms for clean energy infrastructure. The agreement also encourages the organisation of technical seminars and joint events, fostering dialogue and knowledge exchange. (Writing by Nadim Kawach; Editing by Anoop Menon) (
