Oman Oil and Namaa sign 200MW deal
Oman Oil Development Company signed an agreement to purchase 200 megawatts of power from Nama Power and Water Company for a period of five years, aiming to enhance energy security in the Sultanate. Oman Oil Development Company is one of the most prominent oil and gas companies in the Sultanate, contributing approximately 70% of the country's oil and gas production. Nama is the exclusive purchaser of electricity and water and works to meet the increasing demand for these resources. The agreement seeks to increase reliance on local power generation capacities to promote sustainability in the energy sector and to achieve the goals of Oman Vision 2040.
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