Date: 04/08/2024
Integrated Gas Company SAOC (IGC) is thrilled to announce the launch of its
first spot sale of natural gas in Oman, marking a significant milestone in the
country's energy sector. Under this pioneering agreement, IGC will supply
15,000 SM3 /D of natural gas to OCTAL SAOC FZC, a leading global PET
packaging company with operations in Oman.
In this regard, Dr Muslam Qatan , the chairman of the board of directors at
integrated Gas Company said, “This strategic partnership underscores IGC's
commitment to bolstering Oman's economic diversification and aligns
seamlessly with Oman Vision 2040”. By enhancing the Sultanate's
prominence in the global energy markets, this deal boosts IGC's revenue
streams through positive price realization. It also signifies mutually beneficial
partnerships with industries, in support of overall economic growth and
sustainability. This inaugural agreement solidifies IGC’s bold presence and
role in the sector, setting a strong foundation to deliver on its mandates.
"We are proud to launch our first-ever spot sale of natural gas in Oman," said
Abdul Rahman Al Yahyaei, CEO of IGC. "This agreement with OCTAL is a
testament to IGC's ability to meet short-term demands for natural gas and
contributes to sustainable economic development. It reflects our dedication
to advancing the goals of Oman Vision 2040 by fostering a diversified and
robust economy."
IGC is committed to its mission of expanding its energy market presence,
driving economic diversification, and promoting long-term prosperity for
Oman. The company's strategic initiatives, supported by the IGC Board of
Directors, are designed to significantly enhance the country's revenue
streams while pursuing national objectives related to industrialization, and
contribute to a sustainable future.