Oman’s PDO enters CCUS technology: State-owned Petroleum Development Oman (PDO) is embarking on a plan to utilize carbon capture, utilization and storage (CCUS) methods as part of the country’s plans to achieve a net zero future, Oman Daily Observer quotes PDO Managing Director Steve Phimister as saying. The country’s largest oil and gas producer is also looking into blue hydrogen production. The two initiatives should help bring in new revenue streams for the country, Phimister said.

About the plan: PDO aims to focus on the “utilization” part of CCUS, he said. “That means building up the infrastructure and the capabilities to use that CO2, mainly for enhanced oil recovery (EOR) practices,” he said. It will then focus on carbon sequestration through several sites owned by the company, including undisclosed aquifer-based sites or depleted reservoirs, he added.

REMEMBER- We’ve been expecting this: PDO and Shell Oman signed an MoU last year for a joint study assessing CCUS opportunities in the country. The study covered technical matters, project timeframe and cost, and support for a regulatory and fiscal framework for CCUS in Oman.

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Egypt courting sustainable aviation fuel and biodiesel investments: CEO of Egypt’s Waste Management Regulatory Agency Tarek El-Araby met with representatives from state-owned Petrochemical Holding Company to discuss potentially investing USD 200 mn to recycle cooking oils to produce sustainable aviation fuel and biodiesel, according to a statement released last week. Representatives of used oil collection companies also attended the meeting, which was held as part of the Environment Ministry’s efforts to implement an integrated management system for used oils to reduce their negative effects on the waste system, the statement notes.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• KSA’s Industry and Mineral Resources Minister Bandar Al Khorayef participated in a round table discussion with over 15 Swiss companies in efforts to strengthen trade relations. (Saudi Press Agency)
• Vice President of Vietnam Vo Thi Anh Xuan met with Masdar CEO Mohamed Al Ramahi where the two discussed potential renewables collaboration. (Twitter)
• Jordanian micro mobility provider E-Ride Jo officially launched its services in the country last week. (Statement)
• Israel approved a 24 MW battery storage facility to be built at an estimated cost of USD 33 mn in a bid to store excess power in Bnei Barak. (Reuters)