As part of the National Policy for Local Content that came into effect in 2023, the Ministry of Energy and Minerals (MEM) is focusing on programmes and policies to enhance local content and sustainable development in Oman
According to Ali bin Salim al Rajhi, Director General of Planning at the Ministry of Energy and Minerals, the administration is currently considering fresh perspectives to design local content, with plans to identify a new identity and introduce the Local Content Certificate Project.
While the Omanisation rate in exploration and production companies has surpassed 92% this year, Rajhi noted that the Ministry is working for similar outcomes from contracting companies. With approximately 69% of such companies from Oman, the government is looking to fill 130 positions to boost its localisation rate.
Overall, small and medium-sized enterprises (SMEs) contributed approximately 16% to the oil and gas sector in the second quarter of 2024.
Highlighting social responsibility in the oil and gas sector, the Ministry is also developing a general framework, inviting suggestions from several sources to ensure diversity.
Oman Ministry is prioritising local content
SMEs contributed approximately 16% to the oil and gas sector in Q2 2024. (Image source: Adobe Stock)
