Page 12 - MEOG Week 03 2022

MEOG NEWS IN BRIEF MEOG

as an integrated energy company. These terms, is an important step towards the engineering centers that develop highly
projects will build on our gas business, and country’s 2040 Vision and an opportunity to advanced technologies for the Kingdom and
bring wind, solar and green hydrogen together become a leading low-carbon energy hub. the wider Middle East region. Approximately
in a distinctive and integrated way supporting And it would further support the Oman half of Honeywell’s local workforce are Saudi
Oman’s low carbon energy goals. government’s goals of diversifying the nationals.
“And we’re not just investing in energy. We economy and bolstering investment. Commenting on the event Mohammed
are investing in Oman to create and develop bp is committed to growing its business Mohaisen, president and CEO, Honeywell
infrastructure, support local supply chains and and building on its 15-year history in Oman, Middle East and North Africa said; “We
cultivate the skills and talent needed to usher where it operates Block 61, which produces commend the leadership of the Kingdom of
in this next generation of energy leaders. We a third of the country’s gas demand. In 2020, Saudi Arabia and of Aramco on the continued
look forward to working closely with the bp’s Oman business spent $610 million success of the IKTVA initiative and are proud
Omani government to take this forward.” with Omani-registered companies – 90% to be attending this year’s forum as Gold
His Excellency Dr Mohammed Al of its total spend. And in 2021, bp joined Sponsors. Saudi Arabia is a highly significant
Rumhy, Minister of Energy & Minerals Oman’s national hydrogen alliance, Hy-Fly, part of our global operation and a key hub
of the Sultanate of Oman, said: “This is a to promote the hydrogen industry in Oman, for our advanced research and development
proud moment for Oman and a significant and established a net zero taskforce to help programs – the outcomes of which advance
step towards delivering our 2040 Vision. In develop a ‘roadmap’ for bp in Oman. critical economic sectors across the Middle
partnership with bp, we will progress the BP East.”
development of new, world-class solar and “Our technologies, including those
wind resources – generating renewable power Honeywell to highlight developed and manufactured here in the
for the grid and powering the manufacture Kingdom, are solving the region’s most
of green hydrogen to supply domestic localisation milestones at pressing objectives, from driving forward the
demand and to export to global customers. energy transition to economic diversification
Over the past 50 years, we’ve advanced our IKTVA Forum across urbanization, tourism, transportation,
hydrocarbon production. Today’s agreement logistics and healthcare. IKTVA is the ideal
signals the next step in our energy journey Honeywell will be participating at this year’s platform to demonstrate the impact of our
– unlocking the potential for Oman as a low- In-Kingdom Total Value Add (IKTVA) initiatives, projects and facilities in bringing
carbon energy hub.” Forum and Exhibition, showcasing its important economic benefits to the Kingdom,
The UK’s Minister for Investment Lord advanced technologies that support Saudi as well as supporting the development of
Gerry Grimstone added: “Following the Arabia’s long-term strategic objectives related the next generation of local engineers and
signing last week of the UK-Oman Sovereign to localization and sustainability. During technology experts,” added Mohaisen.
Investment Partnership, this investment by the event - to be held at the Dhahran Expo HONEYWELL
bp into Oman’s renewable energy sector is from January 24 to 26 - Honeywell will
a shining example of our countries’ joint highlight its history of industrial leadership
ambition to facilitate strategic and commercial in Saudi Arabia, announce several milestone OIL
bilateral investment. The project demonstrates localization developments and showcase its
our shared vision for future prosperity role in developing a thriving knowledge-based US forces take new
through clean growth, further strengthening economy in the country.
the partnership between the United Kingdom Honeywell is a global technology company, quantities of Syrian oil
and the Sultanate of Oman”. with a portfolio of software-led solutions
Under the SFA, bp and Oman will also that help companies make sense of their US occupation forces brought out a convoy
consider ways to collaborate in a number operational data. Honeywell’s technologies of vehicles loaded with military equipment
of areas, including a renewables strategy, turn this data into actionable business and tankers filled with stolen Syrian oil
regulation, the establishment of a renewable insights, to enable critical industries to reach from al-Jazeera through the illegal al-Walid
energy hub and the development and new levels of operational performance, crossing in Hasaka countryside to their bases
reskilling of the local workforce. efficiency, safety and security. in northern Iraq.
Oman has a strong track record in the oil Honeywell’s presence in Saudi Arabia Local sources in al-Yarubiyah of Hasaka
and gas industry, which it has grown over includes an office in Riyadh and a further countryside told SANA reporter that a convoy
recent years. Today’s announcement, which six facilities in the country, including of 111 vehicles, including 60 tankers loaded
is subject to final agreement of commercial world class research and development and with military equipment, in addition to

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