Oman LNG to rehabilitate 60 houses in Sur

Business Tuesday 29/March/2016 19:20 PM
By: Times News Service
Oman LNG to rehabilitate 60 houses in Sur

Muscat: Through a critical agreement reached today with the local Sur Municipal Committee, Oman LNG stepped up its community engagement efforts with the Wilayat of Sur to promote a better quality of life for people in the area.
The agreement will see the company supporting 60 social security families across the Wilayat of Sur through the renovation and maintenance of their homes. The project targets families, many of whom include widows and divorced women and raising children alone, from different parts of the Wilayat of Sur, such as Tiwi, RasAl Hadd, Qalhat, Bilad Sur.
“The accords inked today are in line with the company's robust efforts to promote and upgrade social welfare for different segments of the society. This, in turn, encourages the building of a strong and vibrant society that values and cares for its people," said Khalid Al Massan, chief executive officer of the Oman LNG Development Foundation.
Oman LNG has an ambitious vision and dedication towards corporate social responsibility (CSR) as indicated by the recently launched Oman LNG Development Foundation. The Foundation addresses many areas of social development in Oman, but in general comprises of a Community Fund targeting initiatives related to the Sur Community where its world-class, three-train liquefaction plant is located; a National Fund that covers a wide swath of the company’s social development programmes across the nation; a Reserve Fund to address the sustainability and continuity of the company’s Corporate Social Responsibility programmes; and finally a Centre of Excellence to develop lasting CSR initiatives through partnering, knowledge sharing, funding and investments.
The Oman LNG Development Foundation is a subsidiary of Oman LNG. Oman LNG operates as a joint venture with a shareholding structure comprising the Government of Oman (51 per cent), Shell Gas (30 per cent), Total (5.54 per cent), Korea LNG (5 per cent), Mitsubishi Corporation (2.77 per cent), Mitsui & Co. (2.77 per cent), Partex (Oman) Corporation (2 per cent), and Itochu (0.92 per cent).