Latest news with #SalimNasserAlAufi
Times of Oman
14-07-2025
- Business
- Times of Oman
Oman, Türkiye sign pact on cooperation in energy sector
Muscat: The Sultanate of Oman on Monday signed a memorandum of understanding (MoU) with the Republic of Türkiye on consolidating partnership, technical cooperation and investment in the 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.
Times of Oman
14-07-2025
- Business
- Times of Oman
Oman, Türkiye sign MoU on cooperation in energy sector
Muscat: The Sultanate of Oman on Monday signed a memorandum of understanding (MoU) with the Republic of Türkiye on consolidating partnership, technical cooperation and investment in the energy sector. The MoU was signed by Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, and Alparslan Bayraktar, Turkish Minister of Energy and Natural Resources. The MoU 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 MoU 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 MoU 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 MoU 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. -ONA
Times of Oman
22-06-2025
- Business
- Times of Oman
Concession agreement inked for natural salt production in Concession Area 'I-51' in Al Wusta
Muscat: The Ministry of Energy and Minerals on Sunday signed a mining concession agreement with the Global Integrated Engineering Company for Concession Area "I-51" in Al Wusta Governorate. The project has an estimated production capacity of 1.2 million tonnes annually, covering an area of 15 square kilometres. The agreement was signed on behalf of the government of the Sultanate of Oman by Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, and on behalf of the Company by Ali Salim Al Junaibi, Chairman of the company's Board of Directors. The agreement aims to increase the production capacity of salt compounds from the existing plant and establish additional facilities to boost natural salt output. The process involves extracting salt from the area by constructing seawater storage ponds, allowing natural evaporation through wind and solar heat, followed by drying, refining, purifying, and packaging the salt. The expected investment value is OMR200 million. Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, emphasised that this project represents a significant strategic step that will effectively contribute to advancing economic diversification in Oman. He added that the project is expected to generate numerous job opportunities for Omani citizens. He noted that the primary objective is to enhance natural salt production and develop its industrial derivatives for use in diverse projects that support sustainable development. He further highlighted that this project is the third of its kind for sea salt production in Oman, reflecting the ministry's efforts to promote local industries, maximize the utilization of natural resources, and reduce reliance on imported products. Ali Salim Al Junaibi stated that securing the concession rights for Area I-51 in Al Wusta Governorate will increase the plant's production capacity to one million tons annually. This is expected to meet the needs of the local market and emerging downstream industries currently under development as part of the economic projects under "Oman Vision 2040." He added that the company will produce multiple salt derivatives required by both local and global markets, particularly those used in food processing, animal feed, and pharmaceutical industries. He explained that this agreement reinforces the government's approach toward localizing industries, optimising natural resource utilisation, and reducing dependence on imported products. This will enhance the performance of the national economy and generate diverse employment opportunities for Omani professionals, as well as subcontracting prospects for small and medium enterprises.
Zawya
12-05-2025
- Business
- Zawya
OETC participates in Oman Sustainability Week 2025
MUSCAT: As part of its ongoing efforts, commitment, and dedication to achieving the highest standards in environmental, social, and governance (ESG) practices, and to ensure alignment between its vision and objectives with both national and global aspirations, the Oman Electricity Transmission Company (OETC) is participating in the Oman Sustainability Week Awards Ceremony, held under the patronage of H.E. Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, today, 11th May 2025. This event is part of Oman Sustainability Week 2025, taking place from 11 to 15 May 2025, under the theme: "Sustainable Development: Balancing Progress and Environmental Conservation". The event witnesses broad international participation, with representatives from over 10 countries, more than 120 exhibiting organizations, over 30,000 visitors, and more than 200 speakers including experts and specialists. OETC's participation includes involvement in a panel discussion as part of the Oman Sustainability Week Talks, as well as attendance at the International Sustainability, Resources, and Technology Conference. OETC's participation focuses on competing for the Oman Sustainability Week Awards for the second consecutive year, under the ESG category, highlighting its ongoing efforts, achievements, and initiatives in sustainability, and reaffirming its role in shaping a sustainable future for Oman. Notably, OETC was awarded the Gold Category Award in the same category last year, marking a significant achievement in its first participation in this major national event. Samira Salim Al Mughairi, Manager of Communication and Sustainability at OETC, reaffirmed the company's commitment to all global sustainability standards, particularly in the areas of environment, social responsibility, governance, and economic impact. This commitment is evident through OETC's continuous development and improvement in performance, initiatives, and achievements in the sustainability domain, while ensuring its strategies and goals remain aligned with national and global directions. Al Mughairi also highlighted the strong focus and priority placed by OETC on achieving sustainability, by embedding it within the company's corporate objectives, exploring areas for improvement, and fostering collaboration with leading institutions locally and internationally. These efforts aim to enable continuous knowledge exchange, share successful experiences, and implement best practices that enhance the sustainability and operational efficiency of the company, as well as contributing meaningfully to the realization of broader sustainability goals. It is worth mentioning that OETC, a member of Nama Group, is the only company responsible for the transmission and control of electricity across Oman's network. The electricity is transmitted from production stations to distributed load centers in the governorates. The transmission network operates at a voltage of 132kV and above to cover most of the governorates in the Sultanate, whether in the north or the south. Furthermore, OETC manages the interconnection lines between Oman and the GCC interconnection network, which operates at a voltage of 220kV.
Observer
11-05-2025
- Business
- Observer
OETC participates in Oman Sustainability Week 2025 events
MUSCAT: As part of its ongoing efforts, commitment, and dedication to achieving the highest standards in environmental, social, and governance (ESG) practices, and to ensure alignment between its vision and objectives with both national and global aspirations, the Oman Electricity Transmission Company (OETC) is participating in the Oman Sustainability Week Awards Ceremony, held under the patronage of H.E. Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, today, 11th May 2025. This event is part of Oman Sustainability Week 2025, taking place from 11 to 15 May 2025, under the theme: "Sustainable Development: Balancing Progress and Environmental Conservation". The event witnesses broad international participation, with representatives from over 10 countries, more than 120 exhibiting organizations, over 30,000 visitors, and more than 200 speakers including experts and specialists. OETC's participation includes involvement in a panel discussion as part of the Oman Sustainability Week Talks, as well as attendance at the International Sustainability, Resources, and Technology Conference. OETC's participation focuses on competing for the Oman Sustainability Week Awards for the second consecutive year, under the ESG category, highlighting its ongoing efforts, achievements, and initiatives in sustainability, and reaffirming its role in shaping a sustainable future for Oman. Notably, OETC was awarded the Gold Category Award in the same category last year, marking a significant achievement in its first participation in this major national event. Samira Salim Al Mughairi, Manager of Communication and Sustainability at OETC, reaffirmed the company's commitment to all global sustainability standards, particularly in the areas of environment, social responsibility, governance, and economic impact. This commitment is evident through OETC's continuous development and improvement in performance, initiatives, and achievements in the sustainability domain, while ensuring its strategies and goals remain aligned with national and global directions. Al Mughairi also highlighted the strong focus and priority placed by OETC on achieving sustainability, by embedding it within the company's corporate objectives, exploring areas for improvement, and fostering collaboration with leading institutions locally and internationally. These efforts aim to enable continuous knowledge exchange, share successful experiences, and implement best practices that enhance the sustainability and operational efficiency of the company, as well as contributing meaningfully to the realization of broader sustainability goals. It is worth mentioning that OETC, a member of Nama Group, is the only company responsible for the transmission and control of electricity across Oman's network. The electricity is transmitted from production stations to distributed load centers in the governorates. The transmission network operates at a voltage of 132kV and above to cover most of the governorates in the Sultanate, whether in the north or the south. Furthermore, OETC manages the interconnection lines between Oman and the GCC interconnection network, which operates at a voltage of 220kV.
