Green leap: Sultanate's energy giant drives sustainable future

Oman's OQ accelerates its sustainable transition with ambitious decarbonisation, multi-billion dollar green energy investments, and robust social governance, setting a new benchmark for responsible industrial growth in the region

- ABDULAZIZ KHATTAK

OQ is rapidly cementing its position as a leader in sustainable energy transition, demonstrating a strong commitment to environmental stewardship, social responsibility, and robust governance.

Through ambitious decarbonisation targets, strategic investments in renewable energy, and extensive community engagement programmes, OQ is not only aligning with Oman Vision 2040 and the nation's net-zero ambitions but also setting a precedent for responsible industrial growth in the region and beyond.

Its 2024 Sustainability Report, alongside recent multi-billion-dollar agreements, paints a clear picture of how OQ is transforming its operations and contributing significantly to a greener, more resilient future.

DECARBONISATION & RENEWABLE ENERGY INITIATIVES

OQ has made good progress toward decarbonisation, recording a 16.1 per cent reduction in combined Scope 1 and Scope 2 emissions from assets under operational control in 2024 compared to the previous year.

Looking ahead, OQ has set an ambitious target to reduce emissions by 25 per cent by 2030 against a 2021 baseline, with the ultimate goal of achieving net-zero emissions by 2050, in line with Oman's national objectives.

A cornerstone of this transition is OQ Alternative Energy (OQAE), which has expanded its renewable energy pipeline to 7 GW and secured crucial long-term Power Purchase Agreements (PPAs).

These agreements, valued at over $2 billion, were signed during Oman Sustainability Week 2025 and underscore OQ's leadership in transforming the energy sector.

The key projects include high-capacity solar and wind installations in strategic locations such as Sohar and Duqm, featuring the Riyah-1, Riyah-2, and North Oman Solar Project plants.