• Oman

    • OQ Basic Industries, Oman Oil Marketing Sign MoU on Sustainable Energy Solutions

    By on May 20, 2026

    Muscat: OQ Basic Industries and Oman Oil Marketing Company signed a memorandum of understanding (MoU) aimed at establishing a framework for joint cooperation in exploring, evaluating and developing opportunities related to alternative and sustainable energy solutions.

    The initiative supports efforts to transform the energy sector and enhance sustainability and operational efficiency in the Sultanate of Oman.

    Areas of cooperation include exploring solar energy solutions, electric vehicle charging infrastructure and the potential use of biofuels as an alternative fuel for OQ Basic Industries’ vehicle fleet. The memorandum also includes evaluating methanol blending with vehicle fuel as a future option, in addition to studying other initiatives in alternative energy and sustainability agreed upon by both parties.

    Under the memorandum, the two sides will conduct technical discussions and commercial assessments, exchange information within agreed frameworks, carry out joint feasibility studies and identify opportunities for future pilot projects in the fields of alternative energy and sustainability.

    The cooperation combines the industrial capabilities of OQ Basic Industries, which operates in the production of liquefied petroleum gas, methanol and ammonia, with the expertise of Oman Oil Marketing Company in marketing and distributing fuel products, lubricants and direct fuel sales.

    Tariq Mohammed Al Junaidi, CEO of Oman Oil Marketing Company, said that the memorandum represents an important step in the company’s efforts to support future and sustainable energy solutions and keep pace with developments in the energy and mobility sectors.

    He added that the cooperation with OQ Basic Industries will help explore practical opportunities in alternative energy, electric vehicle charging and cleaner fuel solutions, contributing to innovation and operational efficiency in line with Oman Vision 2040.

    For his part, Eng. Khalid Khalfan Al Asmi, CEO of OQ Basic Industries, said that the memorandum reflects the company’s commitment to exploring opportunities that support energy sector transformation and the adoption of more efficient and sustainable solutions.

    He added that the cooperation aims to assess practical opportunities that support innovation and strengthen the industrial sector’s readiness for future requirements in line with sustainability targets and Oman Vision 2040.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.