Save for later Print Download Share LinkedIn Twitter Oman has committed to reaching net-zero emissions by 2050, in line with the Paris Agreement objective of limiting global warming to 1.5°C. The announcement was made on Sunday ahead of next month's COP27 climate summit in Egypt. Oman is the third Middle East oil and gas producer to make a net-zero pledge. The United Arab Emirates and Saudi Arabia both announced net-zero targets last year. The energy ministry also unveiled a Green Hydrogen Strategy and announced the formation of Hydrogen Oman (Hydrom) — a subsidiary of state-owned Energy Development Oman (EDO — previously known as Petroleum Development Oman). The Sultanate is targeting $140 billion of investment in the green hydrogen industry and hopes to achieve production of 1 million tons/yr by 2030. EDO Chief Executive Mazin al-Lamki said Hydrom will leverage Oman's abundant solar and wind resources to produce green hydrogen and support the government's efforts to reduce the country's carbon footprint and achieve its decarbonization targets. The sultanate is a medium-sized Opec-plus oil producer, with recent crude oil output of around 880,000 b/d. It also has two LNG production facilities and has been looking to expand its natural gas production.
