MUSCAT : In the oil and gas sector, the ministry successfully drilled and tested 63 oil wells and 15 gas wells, leading to the discovery of new reserves. This initiative increased crude oil and oil condensate reserves to 4.971 million barrels.

Average daily production reached an impressive 1.05 million barrels of oil and approximately 142.5 million cubic meters of natural gas, boosting Oman’s status as a prominent energy-producing nation.
The ministry also made strides in renewable energy, with electricity production from renewable sources hitting 1.7 terawatt-hours, demonstrating a 5 percent increase from the previous year. This growth underscores Oman’s commitment to environmental sustainability and clean energy.

The ministry highlighted that Oman is advancing in the field of green hydrogen, having signed six agreements across multiple regions to develop hydrogen production with an investment value of up to $38 billion. These agreements aim to achieve a production capacity of 925 kilotons per year, reinforcing the country’s leadership in the green energy sector.

In the minerals sector, significant progress has been made with the signing of five agreements for the exploration and mining of potash and nickel ores. The ministry has also seen an increase in sales of limestone, gypsum, and plastic, while launching new projects.

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