H E Eng Salim bin Nasser al Aufi, Undersecretary of Ministry of Energy and Minerals, said energy efficiency is centrally important to social development, economic growth and resilience, and clean energy transitions.
“Many countries have successfully implemented energy efficiency policies, resulting in a range of positive outcomes in terms of jobs and health. Oman is taking action with this important topic which is exemplified through multiple domains,” H E Aufi said at the OQ’s first energy efficiency conference, held recently.
Successful case studies of implementing energy efficiency measures in the oil and gas industry of Oman were also presented at the conference.
“Energy efficiency can enable a new market in Oman through the formation of local ESCOs (Energy Services Companies),” H E Aufi said.
The conference, providing an opportunity to engage with all the stakeholders from across the sultanate, discussed current global landscape and outlook of energy efficiency, its economic, social and environmental benefits, and related opportunities and challenges in both the industrial and buildings sectors of the country.
Dr Salim Huthaili, CEO of Alternative Energy, OQ, said, “Like many other parts of the developed world, the Middle East is also geared up to firmly emphasise on having government policies to implement energy efficiency ideas in their economic and fiscal planning. This is particularly with a focus on issues related to electrical demand as a 300 per cent increase in the electricity demand is expected in the Middle East by the year 2050.”
The OQ Energy Efficiency Conference was organised by OQ which is a global integrated energy company of the sultanate with operations across 17 countries around the world.
OQ covers the entire value chain from exploration and production to marketing and distribution of end-user products.
OQ is leveraging existing OQ assets around the world to generate a diversified revenue stream of over US$400mn EBITDA from alternative energy by 2030.