Mohammed bin Hamad al-Rumhy is minister of oil and gas
Mohammed bin Hamad al-Rumhy
Position: Minister of oil and gas
Biography: In a country where oil and gas activity accounts for 45 per cent of gross domestic product, Mohammed bin Hamad al-Rumhy is one of the sultanate’s most important figures. His efforts are focused on addressing concerns that Oman’s oil reserves could run dry within the next two decades.
In April 2006, he announced that the government planned to invest $10bn in upstream oil and natural gas projects over the next five years. He has put his weight behind the country’s enhanced oil recovery programme, and is working hard on Oman’s ambitions to develop its gas-based industries, especially petrochemicals and fertilisers.
Appointed minister of oil and gas in 1997, Al-Rumhy played a key role in lobbying fellow GCC oil ministers as part of Opec’s effort to prevent oil prices falling. In April 2003, he was appointed chairman of Petroleum Development Oman.
Contact: (+968) 2469 9475
You might also like...
Kuwait launches oil and gas project portal
25 April 2024
Aramco receives proposals for offshore LTA pool
25 April 2024
Global AI market to top $1tn in 2030
25 April 2024
Morocco tenders Noor Midelt 2
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.