Türkiye and Oman on Monday signed a memorandum of understanding (MoU) aimed toward increasing bilateral cooperation within the power sector, overlaying areas from hydrocarbon exploration to renewable power.
The settlement was formalized throughout Energy and Natural Resources Minister Alparslan Bayraktar’s go to to Oman, in accordance with a press release by the ministry.
The deal was signed by Bayraktar and Omani Energy and Minerals Minister Salim bin Nasser bin Said Al Aufi.
Under the MoU, the 2 nations will work collectively throughout all the oil and pure fuel worth chain, together with exploration, transportation and refining.
Bayraktar emphasised that the scope of the settlement additionally extends to the alternate of technical information and joint tasks in fields reminiscent of electrical energy, renewable power, power effectivity and hydrogen applied sciences.
On the sidelines of the go to, a tripartite settlement was additionally reached between Türkiye’s state power firm, Turkish Petroleum Corporation (TPAO), Oman’s Ministry of Energy and OQ Exploration and Production (OQEP).
Under the deal, the three events will collectively consider sure oil and fuel fields in Oman over a three-month interval.
Source: www.dailysabah.com