Oman Oil subsidiary completes Phase IV of Korean power project

FROM P13 OOC plays a vital role to facilitate the transfer of expertise and technology to form a knowledge-based economy, and aims to build the technological and operational capacities through strategic partnerships.

“In future similar renewable energy projects opportunities can be explored in Oman,” said Isam bin Saud al Zadjali, CEO of Oman Oil Company.

The power efficiency of GS EPS’s newly completed Phase IV is 60 per cent. Its cost competitiveness comes from directly procuring the fuel needed for power generation instead of getting the LNG.

It can also generate relatively more power with the same amount of fuel due to its high efficiency.

Moreover, the power generation dispatch system is set to consider both economic factors and environmental factors such as fine dust.

Oman Oil Company has more than 50 investments, locally and internationally, where about 64 per cent of its investments are based in Oman. OOC also contributes to the establishment of a number of industrial zones and large investments within the Sultanate through entering into strategic partnerships with major companies in the value chain of the energy sector in order to transfer expertise and technology and build the operational capacity of local projects in the future.