Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)

Oman LNG on Tuesday announced the successful loading of its first liquefied natural gas (LNG) cargo to Shell under its new long-term agreements, marking a significant milestone in the company’s strategy to expand its global market reach and reinforce Oman’s position as a leading LNG supplier.
According to Oman News Agency, the ceremonial event took place at Oman LNG’s state-of-the-art facility in Sur, under the auspices of Salim al Aufi, Minister of Energy and Minerals, alongside senior officials from Oman LNG and Shell.
Aufi, in his remarks, emphasized the importance of this milestone, saying, “Today’s shipment is not merely a delivery but a testament to Oman’s commitment to energy security, global collaboration, and sustainable economic growth. It also reflects the strong partnership between Oman LNG and Shell, built on mutual trust and a shared vision.”

Shell, as the largest offtaker under these new agreements, plays a pivotal role in Oman LNG’s strategic plans for sustained growth and market expansion.

Oman LNG’s CEO, Hamad al Naamany, highlighted the significance of this shipment, saying, “We are embarking on a 10-year concession extension with market leaders in LNG and energy. Our growth is aligned with Oman’s vision and adapted to the evolving global energy market demands. Our partnership with Shell continues to thrive, contributing to Oman’s economic diversification goals.”



Saudi-Portuguese Business Council Strengthens Economic Ties with Portugal

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi-Portuguese Business Council Strengthens Economic Ties with Portugal

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

The Saudi-Portuguese Business Council, led by Chairman Alwaleed bin Khaled Al-Baltan, concluded a successful visit to Portugal, marking significant progress in boosting economic cooperation between the two nations, reported the Saudi Press Agency on Sunday.

The delegation engaged with key Portuguese officials, including the Ministers of Economy, Agriculture, Parliamentary Affairs and Sports, Infrastructure and Housing, as well as the Mayors of Porto and Leiria.

The delegation also held meetings with officials from the sports and aviation sectors, underscoring the wide-ranging potential for collaboration. Additionally, the delegation met with Saudi Arabia's Ambassador to Portugal Prince Saud bin Abdul Mohsen bin Abdulaziz to discuss the outcomes of the visit.

In Lisbon, workshops introduced Portuguese companies to investment opportunities in Saudi Arabia. With participation from Al-Hawaishel Law Firm and Bank AlJazira, these sessions detailed the Kingdom's investment systems, incentives and financing solutions.

The delegation visited several prominent Portuguese firms specializing in ports, marine warehouses, real estate, technology, media, tourism, transportation and infrastructure.

Microsaur, a technology solutions and protection systems company, and Etermar, a specialist in port operations, announced plans to establish regional headquarters in Saudi Arabia. Moreover, over 260 Portuguese companies expressed readiness to enter the Saudi market.

The visit was capped with the signing of a tripartite framework agreement between the Saudi-Portuguese Business Council, the Arab-Portuguese Chamber of Commerce and Industry, and the Portuguese Business Council. The agreement aims to strengthen economic relations and explore collaborations in aviation, tourism, sports investment, media, education, healthcare, agriculture, and fish farming.