Conference highlights opportunities for energy supply chain

Business Tuesday 14/February/2023 15:54 PM
By: Times News Service
Conference highlights opportunities for energy supply chain

Muscat: The Energy Industries Council, the world’s leading energy-agnostic trade association, has launched its first EIC Connect Oman, part of EIC event solutions which bring together supply chain businesses with decisions and policymakers from around the globe.

EIC Connect Oman, held in Muscat on February 7, presented a unique opportunity for energy companies to network, share knowledge, and establish partnerships with one of the Middle East’s major energy producers, which also boasts an ambitious green hydrogen strategy. The event attracted participants, including government officials, national operators, EPC contractors and developers.

“Oman has been making major investments in the energy sector and is indeed an important regional hub for both conventional and unconventional energy industries,” said Ryan McPherson, EIC’s Regional Director for the Middle East and Africa. “We at EICare always keen to create business opportunities for our members and clients and connect them with important decision-makers, and our first EIC Connect Oman has successfully achieved that. It is, indeed, a testimony to the ever-increasing global demand for our events and data solutions.”

Connect Oman opened with remarks by Michael Eyley, Director of Trade & Investment and First Secretary of Defence & Security at the Department for International Trade, the event’s supporting partner. Faiza AL Harthi, Head of Energy Environment & Natural Resources at Oman Vision 2040, also gave introductory remarks.

In an overview of Oman’s energy market, Dina Magdy, an EIC Business Development Manager, presented EIC Data Stream data showing that Oman will invest $91.6 billion between now and 2030 in energy projects, with nearly $40 billion going to downstream and more than $23 to hydrogen - a key clean energy sector for Oman.

Adil Al Abduwani, Commercial & Strategy Lead at Hydrom, said Oman was expected to spend $140 billion by 2050 on green hydrogen and related infrastructure, including solar panels, wind turbines, electrolysers, derivative synthesis, storage, transport, water desalination, among others.

Oliver Stevens, Head of Corporate at Addleshaw Goddard Oman, gave a detailed presentation about doing business in Oman, including regulations around setting up companies in the country, which now allow 100% foreign ownership in nearly all companies.

Sreejith Kesavan, Business Development Manager at Arabian Industries, delivered a contractor briefing. Following his presentation, he said, “Congratulations to EIC for organising Connect Oman 2023, a wonderful event that brought together key players of Oman's energy sector with a relevant programme and an excellent lineup of speakers.”

Here is what other delegates said about the inaugural EIC Connect Oman:
"Excellent opportunity to meet people that are involved in various parts of the industry, all extremely keen to help connect you to the right people," said Sam Norris, Asia Waterjet Equipment.

"A very worthwhile and interesting Connect experience, providing valuable market insight and networking opportunities," said James Brazier, Serck Services Company.

"Another well-organised EIC event. Professional and enjoyable, always good to be part of EIC-organised sessions," said Jayne Moran, Ampelmann Middle East.

"Another fantastic event providing valuable insight into the changing landscape of energy," said Daniel Staples, CEVA Logistics FZCO.

"Thank you EIC TEAM, for the great work and dedication in putting together an exceptional event. The event made it a truly unforgettable experience and will help us to grow our network in Oman," said Nandhakumar Sadasivan Pillai, Modutec, which exhibited at the event.