Oman LNG signs agreement to supply natural gas liquids

Muscat: Oman LNG has signed a new Sale and Purchase Agreement with OQ Refineries and Petroleum Industries sector, under which OQ will be supplied with Natural Gas Liquids (NGLs) for a period of four years, starting in 2026.

The agreement comes within the framework of strengthening the long-standing strategic partnership between the two sides in the energy and converting industries sector, and reflects their joint commitment to maximizing the in-country value of hydrocarbon resources in the Sultanate of Oman.

The agreement was signed by Hamed Mohammed Al Nu’amani, CEO of Oman LNG, and Kamil Bakhit Al Shanfari, CEO of the Refineries and Petroleum Industries sector in OQ.

Under the terms of the agreement, the supply of NGLs will continue from Oman LNG’s complex in Qalhat, to OQ’s facilities in Sohar, where the liquids are used as key feedstock in the production of fuels, chemicals, and plastics. This supports the growth of Oman’s downstream sector and aligns with the objectives of Oman Vision 2040.