{"id":6000,"date":"2025-11-03T09:18:00","date_gmt":"2025-11-03T05:18:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oqep-gas-sale-agreements-success\/"},"modified":"2025-11-03T14:10:24","modified_gmt":"2025-11-03T10:10:24","slug":"oqep-gas-sale-agreements-success","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oqep-gas-sale-agreements-success\/","title":{"rendered":"OQEP Secures Two Strategic Natural Gas Sales Agreements: What This Means for Energy Investors and Businesses in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>OQ Exploration and Production (OQEP) has announced the signing of a significant Natural Gas Sales Agreement (NGSA) with Integrated Gas Company (IGC) for Block 65. The agreement also includes the transportation of natural gas through the Marsa LNG project, further advancing efforts to enhance the efficiency and integration of Oman\u2019s national energy system.<\/p>\n<p>Under the agreement, OQEP and Occidental Oman Block 65 LLC (OXY) will supply their respective shares of natural gas extracted from Block 65 to IGC. OQEP holds a 49% stake in the block, which will be supplied as per the agreement\u2019s terms.<\/p>\n<p>The agreement was signed by Eng. Mahmoud bin Abdullah Al Hashmi, Acting Chief Executive Officer of OQEP, and Mr. Abdulrahman bin Humaid Al Yahyai, Chief Executive Officer of IGC.<\/p>\n<p>OQEP highlighted that these agreements mark a pivotal milestone in its commitment to supporting Oman\u2019s energy transition. The projects align with Oman Vision 2040 and the nation\u2019s goal of achieving net-zero carbon emissions by 2050 through sustainability, innovation, and environmental responsibility.<\/p>\n<p>The first agreement relates to the transportation of natural gas for the Marsa LNG project. This agreement, signed between IGC and Marsa LNG LLC\u2014a joint venture between TotalEnergies and OQEP\u2019s subsidiary Muzn LNG\u2014allows Marsa LNG to transport up to 150 million standard cubic feet per day of natural gas from Block 10 through OQ Gas Networks\u2019 infrastructure to its facility under construction at the Port of Sohar.<\/p>\n<p>This project is among the region\u2019s pioneering initiatives to produce low-emission liquefied natural gas (LNG), with an estimated annual capacity of around one million metric tons. It aims to become a regional hub for LNG bunkering by supplying clean marine fuel, thereby strengthening Oman\u2019s role as a global center for clean energy trade and sustainable maritime transport.<\/p>\n<p>The second agreement concerns Block 65 and involves the NGSA between IGC, OQEP, and Occidental Oman Block 65 LLC. This partnership will stabilize gas supplies to support Oman\u2019s industrial and energy sectors.<\/p>\n<p>The signing on behalf of the Marsa Consortium was completed by Mr. Fares Al Khazin, Chief Executive Officer of Marsa, alongside Mr. Abdulrahman bin Humaid Al Yahyai of IGC.<\/p>\n<p>Together, these agreements constitute a core component of OQEP\u2019s strategy to develop low-emission gas projects with full integration across exploration, production, transportation, processing, and marketing. OQEP is focusing on transforming Oman\u2019s gas resources into a key driver of economic growth and a sustainable energy source for the region.<\/p>\n<p>Eng. Mahmoud bin Abdullah Al Hashmi, Acting CEO of OQEP, stated, \u201cOur partnerships with global leaders like TotalEnergies and Occidental demonstrate international confidence in Oman\u2019s investment environment and strengthen OQEP\u2019s position as a major player in regional energy markets.\u201d<\/p>\n<p>He added, \u201cThese projects reflect OQ\u2019s dedication to delivering sustainable economic value to shareholders while contributing to national economic growth and income diversification.\u201d<\/p>\n<p>Al Hashmi also emphasized OQEP\u2019s commitment to developing innovative projects that support the clean energy transition and foster an integrated energy ecosystem grounded in efficiency, technology, and sustainability. This approach further positions Oman as a regional leader in renewable energy and low-carbon gas.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>OQEP\u2019s new agreements to supply and transport natural gas, including participation in the Marsa LNG project, <strong>signal a strategic shift towards low-emission energy solutions<\/strong> that support Oman\u2019s Vision 2040 and net-zero ambitions by 2050. For businesses, this creates <strong>opportunities in clean energy supply chains and sustainable maritime fuel markets<\/strong>, while investors should consider positioning themselves within Oman\u2019s emerging integrated and sustainable gas ecosystem, leveraging strong international partnerships and government-backed energy transition initiatives.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OQ Exploration and Production (OQEP) signed a natural gas sales agreement with Integrated Gas Company (IGC) for Block 65, including transport via the Marsa LNG project. This supports Oman\u2019s sustainable energy goals in line with Vision 2040 and net-zero by 2050.<\/p>\n","protected":false},"author":31,"featured_media":6001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[1074,452,161],"class_list":["post-6000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-lng","tag-natural-gas","tag-oman"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/11\/3178040.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=6000"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6000\/revisions"}],"predecessor-version":[{"id":6002,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6000\/revisions\/6002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/6001"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=6000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=6000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=6000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}