Oman Daily Observer, 8 November 2023: Oman’s Energy and Minerals Ministry has signed a Terms of Reference agreement with multiple oil and gas industry stakeholders to establish a policy and regulatory framework for blue hydrogen and carbon capture utilisation policies in the Sultanate.
The agreement was signed by the Energy and Minerals Ministry and a team consisting of Petroleum Development Oman, Oman Shell, OQGN and Occidental Oman.
Under the agreement, a House of Expertise consisting of the Energy and Minerals Ministry, key carbon capture, utilisation and storage and blue hydrogen industry partners, public and private stakeholders and academic institutions will be established.
They will conduct a study to assess the current carbon capture, utilisation and storage and blue hydrogen landscape.
They will also carry out a techno-economic assessment of carbon capture, utilisation and storage in the country, create transparent licensing processes and assess financial mechanisms required to facilitate private sector investment in these sectors.
They will help develop the regulatory framework as the Sultanate looks to achieve net zero emissions by 2050 too and identify regulatory challenges to projects in these sectors.
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