MUSCAT : Speaking during the ministry’s media meeting in Muscat, His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals, highlighted key achievements across the energy sector and outlined Oman’s long-term vision to strengthen its position as a regional hub for green hydrogen and sustainable energy.

The minister said the newly launched regulatory framework for carbon markets aims to convert Oman’s target of reducing emissions by 33 percent by 2035 into “investable, verifiable, and tradable” carbon credits. The framework is expected to attract international and private sector investments into mitigation and adaptation projects spanning seven key sectors.

His Excellency noted that Oman’s oil and gas sector maintained a balanced performance in 2025 by sustaining production levels, expanding exploration activity, and improving operational efficiency. During the year, the ministry also announced a bidding round for investment in four concession areas.

According to the ministry, average daily production of crude oil and condensates reached nearly one million barrels per day, with total annual production touching 365.8 million barrels. The sector also drilled 64 exploratory and appraisal wells for oil and gas during the year, reinforcing reserve growth.

Oman’s reserves currently stand at approximately 4.7 billion barrels of oil and condensates, in addition to 22.3 trillion cubic feet of natural gas.

The ministry further revealed that average daily gas production reached around 151.2 million cubic metres, while liquefied natural gas exports totaled 11.3 million metric tonnes, strengthening Oman’s position as a reliable global energy supplier.

On the renewable energy front, 2025 witnessed the implementation of several strategic projects in solar and wind energy, alongside major expansion in electricity infrastructure and green hydrogen initiatives. The ministry also highlighted the launch of agreements and export corridors aimed at connecting Oman’s clean energy sector with international markets.

His Excellency said Oman has set a target to generate at least 10 percent of its energy from renewable sources by the end of 2026. The roadmap further aims to raise the renewable share to 60–70 percent by 2040 and eventually 90–100 percent by 2050.

Meanwhile, the Director General of Exploration and Production of Oil and Gas at the ministry stated that the sector’s 2026 strategy will focus on maintaining production and reserve stability, strengthening operational safety standards, and marketing new concession areas through future bidding rounds to attract further investments.

The official also revealed that Omanisation in operating oil and gas companies reached around 91.6 percent, while the sector currently provides nearly 20,000 direct jobs in addition to thousands of indirect employment opportunities.

Efforts to maximize local added value also continued, with spending on local content surpassing RO 11 billion over the past decade. The ministry additionally launched the “Mijd” programme aimed at supporting SMEs and localizing energy-related industries.

In the area of corporate social responsibility, the ministry stated that around 1,275 projects were implemented over the last ten years, with total spending reaching RO 74 million across sectors including education, healthcare, youth empowerment, and community infrastructure.

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