Oman to host 2nd Gulf Energy Forum
The forum will take place in Muscat on 21st October
Muscat will host the 2nd Gulf Intelligence Oman Energy Forum on 21st October with the Support of the Ministry of Oil and Gas.
On top of the agenda will be the sultanate's oil and gas sector and its role in addressing some of the main energy challenges. Main goals are to create greater in-country value (ICV), support the development of small and medium enterprises (SME), and foster innovation and human development as part of a broader strategy to transform the country from a hydrocarbon-based economy into a sustainable, knowledge-based one.
Oil and gas production accounts for about half of Oman's gross domestic product (GDP), playing a crucial role not only as a source of government revenues but also as an employer of Omanis and a provider of knowhow and technology. Local and international oil and gas experts will debate ways of tackling the challenges the sultanate is confronted with at this year's Oman Energy Forum, under the theme 'Oman 2014: Global Ambitions, Critical Local Challenges'.
"Given the oil and gas sector's size and weight in the local economy, it will have to be at the forefront of tackling the challenges we are facing today, and we're proud to be the Title Partner at the 2nd Gulf Intelligence Oman Energy Forum" said Isam Al Zadjali, CEO of Oman Oil Company. He added: "It is critical to address the issues of In Country Value (ICV), human capital, innovation and SME with a sense of urgency as the country moves ahead with the implementation of its development plans."