Oman’s OQ Gas Networks has signed an agreement with the Public Establishment for Industrial Estates (Madyan) to acquire its gas assets, Oman News Agency reported.
The agreement stated the transfer of the ownership and operation of Madyan’s gas distribution networks to OQ networks.
This acquisition came as a part of Oman’s Vision 2040, which aims to unify national efforts and in-country assets, in order to raise the efficiency level of the service sector, and achieve the best cost reduction solutions.
This agreement is supposed to support the transport and distribution of natural gas via OQ’s gas network, which covers five industrial estates in Sur, Sohar, Rusayl, Nizwa and Raysut.
OQ, Madyan Sign Agreement for Assets Acquisition
Fatma Ahmed 1979 Posts
Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.
