Oman LNG signed a four-year sale and purchase agreement with OQ Refineries and Petroleum Industries to supply natural gas liquids. Moreover, the agreement will begin in 2026 and ensure steady NGL delivery. Hamad bin Mohammed al Numani, CEO of Oman LNG, and Kamil bin Bukhait al Shanfari, CEO of OQ Refineries, formalized the deal.
The Oman LNG pact specifies that NGLs from the Qalhat complex in Sur will move to OQ’s facilities in Suhar. Consequently, these liquids will serve as essential feedstock for fuels, chemicals, and plastics production. Furthermore, the arrangement strengthens Oman’s downstream industries by providing reliable raw materials for industrial processes.
This deal aligns with Oman Vision 2040, promoting long-term industrial growth. In addition, it opens business opportunities for companies involved in chemical, fuel, and plastic manufacturing. Investors can also benefit from increased stability in supply chains, encouraging growth in Oman’s downstream and petrochemical sectors.
The strategic deal enhances integration across energy supply chains. Therefore, Oman LNG and OQ can coordinate production, transportation, and industrial usage more effectively. Moreover, this integration supports broader economic objectives by fostering value-added manufacturing and industrial diversification.
Business analysts note that the Oman LNG contract strengthens the kingdom’s position as a regional industrial hub. Furthermore, steady access to NGLs can help companies optimize production planning and reduce supply uncertainties. As a result, businesses can scale operations with greater confidence and efficiency.
Additionally, the agreement signals potential growth in investment opportunities. Foreign and domestic investors can now anticipate reliable feedstock for long-term projects. Therefore, the deal encourages sustainable growth and supports Oman’s strategy for industrial expansion.
Overall, the Oman LNG partnership demonstrates the strategic importance of energy collaborations. Moreover, it shows how stable supply chains directly contribute to business growth and industrial investment. The deal sets a benchmark for future partnerships in Oman’s energy and manufacturing sectors.
