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FinancialNews


  • 04-12-18

    Oman to combine power, oil, gas sectors

    (MENAFN) Oman reached a resolution to unite all fields of power, oil and energy, aiming to achieve better efficiency, coordination and knowledge in relation of natural gas allotment.

    The news was declared by Undersecretary of the Ministry of Oil and Gas H E Salim bin Nasser al Aufi during the 6th Oman Energy Forum.

    The senior Omani official confirmed that "a critical recommendation by Tanfeedh was to bring all the aspects of energy under one umbrella."

    Under the plan, the official stated, the electricity sector is to be part of the Ministry of Oil and Gas instead of the Public Authority for Electricity and Water (Diam).

    He added: "there are still challenges in implementing this [plan] and lots of other details regarding supervision, asset allocations and financial matters related to governance are yet to be finalised, according to my knowledge."

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