Oman, Türkiye Sign MoU on Cooperation in Energy
Sector

Muscat, 14 Jul (ONA) — The Sultanate of Oman today 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 realization 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.

—
Ends/Bishara/AG