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Oman’s investment at $2bn in Musandam energy projects

Oman's Musandam gas processing plant is pivotal to the region's energy infrastructure and supports the energy needs of the governorate Oman News Agency
Oman's Musandam gas processing plant is pivotal to the region's energy infrastructure and supports the energy needs of the governorate

Oman energy investment company OQ SAOC said its investment in three major energy projects in the Musandam governorate has reached OMR800 million ($2.09 billion).

These projects include the Musandam gas plant, the management of offshore fields in concession area 8 and the Musandam power plant, the state-run Oman News Agency reported.

The Musandam gas processing plant is pivotal in the region’s energy infrastructure and supports the energy needs of the governorate.

OQ also operates the offshore fields in concession area 8, owned by the ministry of energy and minerals.

Since initiating the oil and gas production operations in January 2019, OQ has focused on boosting operational efficiency, increasing production and reducing operating costs in the Bukha and West Bukha fields.

The Musandam power plant has a production capacity of about 120 megawatts per hour.

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