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Browsing: Oman
According to the International Energy Agency, Oman has the largest low-emission hydrogen project pipeline in the Middle East area, with an ambitious goal of exporting one million tonnes of green hydrogen annually by 2030. (IEA).
According to a senior official at the Ministry of Energy and Minerals, Oman’s government anticipates attracting investment totaling more than $20 billion in the green hydrogen sector by 2030.
International energy corporations have expressed a lot of interest in two green-hydrogen concessions that Oman stated will be given early in the next year and could require an investment of up to $10 billion.
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At the climate summit, Prime Minister Rutte and Oman’s Minister of Energy signed a statement on green hydrogen. Rutte claims that this is a crucial component of a future energy supply free of fossil fuels.
The Minister of Foreign Affairs mentioned in his speech some general contours of the restructuring process, the need for significant investments in renewable energy throughout the transition.
Oman will be qualified for land concessions lasting 47 years as well as other benefits.
Ambitious goals for the Sultanate of Oman’s goal of becoming carbon neutral by the year 2050.
At the meeting, royal orders for the Sultanate of Oman’s achievement of carbon neutrality by 2050 will be laid out.
