GulfBase Live Support
04/08/2025 02:36 AST
Integrated Gas Company (IGC), the state-owned entity overseeing Oman's entire gas supply chain, has announced its approval for the implementation of a major new gas pipeline project to meet the growing industrial demand in Sohar Port and Ibri.
The project, which will be executed by OQ Gas Networks (OQGN), involves the construction of a 42-inch diameter, 193km gas pipeline extending from Fahud in Ibri to Suhar, with an additional lateral connection serving the Ibri Industrial Area.
IGC has granted full approval for this project as the exclusive authority responsible for issuing gas transmission directives in Oman and has assigned the implementation to OQ Gas Networks, the owner and operator of the gas transmission infrastructure under its jurisdiction.
This new pipeline will enhance the reliability and availability of natural gas supplies to key economic zones, supporting sustainable industrial growth both now and in the future.
Following a competitive tender process, OQ Gas Networks awarded a contract worth RO105mn in June for the engineering, procurement, and construction (EPC) works to Petrojet & Partners. The pipeline supply contract was awarded to Jindal Saw Limited. The project is expected to be completed within 24 months.
The pipeline will increase the length of the national gas network by 4.5% and accounts for approximately 9.5% of the base value of regulated assets, underlining its significance to Oman's energy infrastructure.
In a statement to the Oman News Agency, Abdulrahman bin Humaid al Yahyaei, CEO of Integrated Gas Company, said, "This strategic project represents a significant milestone in the company's long-term vision to develop an efficient, flexible, and future-ready national gas network." He explained that the project enhances Oman's capacity to meet its growing industrial energy requirements and strengthens its position as a regional energy hub.
He added that the project embodies the role of the Integrated Gas Company in building a reliable energy system that supports the industrial and economic aspirations of the sultanate, promoting investment, local content, employment opportunities, and the transition to clean energy.
Yahyaei noted that the gas pipeline will supply the Suhar Industrial Port with approximately 13mn cubic metres of gas per day to meet the requirements of upcoming industrial projects. Part of this supply will also serve Ibri Industrial City to support planned developments there.
Muscat Daily
03/12/2025
OQ Gas Networks (OQGN), the sole operator of Oman's natural gas transportation network, has signed an agreement to acquire a gas transportation pipeline in Block 61, which hosts the Khazzan and Ghaze
Muscat Daily
23/06/2025
The World Bank's 2024 Gulf Economic Update report highlighted that the Sultanate of Oman has achieved significant positive fiscal and economic results despite regional and global challenges.
Times of Oman
| Ticker | Price | Volume |
|---|
06/03/2026
As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C
Kuwait Times
06/03/2026
Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu
Trade Arabia
06/03/2026
Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.
Gulfnews
06/03/2026
2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,
Trade Arabia
06/03/2026
SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg
Arab News