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Industry and Mineral Resources Minister Inaugurates Saudi Pavilion at IMARC in Sydney

The pavilion is part of the "Invest Saudi" program. SPA
The pavilion is part of the "Invest Saudi" program. SPA
    Asharq A-Awsat
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Industry and Mineral Resources Minister Inaugurates Saudi Pavilion at IMARC in Sydney

The pavilion is part of the "Invest Saudi" program. SPA
The pavilion is part of the "Invest Saudi" program. SPA

Minister of Industry and Mineral Resources Bandar Al-Khorayef has opened the Saudi Pavilion at the International Mining and Resources Conference (IMARC) held in Sydney, Australia between November 2 and 4 .

The pavilion is part of the "Invest Saudi" program with the participation of the Ministry of Industry and Mineral Resources, the Ministry of Investment, the National Industrial Development and Logistics Program (NIDLP), the Saudi Industrial Development Fund and the Industrial Center.

Saudi Arabia’s participation in IMARC highlights its continued efforts to improve the performance of the mining sector by facilitating access to geological data. It also sheds light on the most recent changes to the laws and legislation aiming to create an investment environment, lay foundations for sustainability and develop a mining sector that is based on integrated value chains in line with the Kingdom's Vision 2030.

It emphasizes the Kingdom's engagement as the country boasts a strategic location connecting the Middle East, Asia, Africa, and Europe. It also has sophisticated infrastructure and high domestic demand.

The Kingdom has all of the necessary capabilities to become a regional mining hub in order to meet its Vision 2030 objectives and attract quality investments in the mining sector.

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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)
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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.”