Source: Energy Platform
The specialized Energy Platform, headquartered in Washington, conducted a survey of the largest energy deals in the Sultanate of Oman during 2025, a year that witnessed notable investment activity, with the signing of a wide range of major agreements covering oil, gas, electricity, renewable energy, and hydrogen. These deals strengthened the position of the Gulf state as an influential player in global energy markets, as the scale and quality of the agreements reflected a qualitative shift in Oman’s energy strategy, combining the maximization of traditional resources with an accelerated transition toward clean energy sources. A closer reading of the details of the largest energy deals in the Sultanate of Oman during 2025 reveals a clear focus on long-term partnerships that ensure stable investment flows, enhance the transfer of advanced technologies, and support the Sultanate’s objectives in energy security and economic diversification in line with Oman Vision 2040. These deals were concluded at a sensitive time marked by rapid transformations in global energy markets, providing the country with an opportunity to strengthen its competitiveness and consolidate its position as a reliable hub for the development, production, and export of energy in its various forms, within the framework of the largest energy deals in the Sultanate of Oman during 2025.
The Largest Oil Deals in the Sultanate of Oman During 2025
The extension of Concession Area No. 53 until 2050 is considered the largest oil deal in the history of the Sultanate of Oman, representing a pivotal turning point in the management of oil resources and the assurance of long-term production sustainability. Thanks to this landmark deal, the Sultanate topped the list of the five largest oil deals in May 2025, given its economic and technical dimensions that enhance the standing of Oman’s oil sector in regional and global markets. The agreement was signed with the current operator, Occidental Mukhaizna, with the participation of OQ Exploration and Production, Indian Oil Corporation, Liwa Company, and PTT Exploration and Production, according to details reviewed by the specialized Energy Platform. Under the deal, investments estimated at around 30 billion US dollars will be injected over the duration of the extension, covering capital and operating expenditures, alongside the application of advanced recovery technologies to maximize utilization of the area’s reserves. In a related context, the British company Kistos concluded an acquisition deal for stakes in producing blocks within the Sultanate of Oman, a move that reflects the attractiveness of Oman’s oil sector to international companies seeking stable assets. The company confirmed that the deal, fully financed from available liquidity, represents a strategic entry point for expansion in the Middle East and North Africa, thereby strengthening its presence among the largest energy deals in the Sultanate of Oman during 2025.
The Largest Gas Deals in the Sultanate of Oman During 2025
The liquefied natural gas deal with France’s TotalEnergies topped the list of the largest energy deals in the Sultanate of Oman during 2025, through an agreement to export 800,000 metric tons annually for 10 consecutive years. The first shipment under the agreement was launched in January 2025, as part of a package of contracts to supply Omani liquefied natural gas to major global companies, including Shell, Japan’s JERA, Turkey’s BOTAS, and China’s Unipec. The implementation of this agreement represents an extension of a previous contract signed in April 2024, reflecting the Sultanate’s commitment to boosting LNG exports and securing long-term contracts that support revenue stability. In February 2025, the Sultanate of Oman concluded a new deal with Switzerland’s Mercuria Group to supply 800,000 metric tons of LNG annually for 10 years, starting in April of the same year. The deal strengthened the position of Oman LNG within the European market through a partnership with a global trader possessing an extensive distribution network across various energy sectors, while also supporting the company’s global presence. These contracts confirm that the gas sector was a key pillar among the largest energy deals in the Sultanate of Oman during 2025, thanks to the diversity of partners and target markets, as well as the state’s efforts to expand significantly within a short period.
The Largest Electricity Deals in the Sultanate of Oman During 2025
The memorandum of understanding signed between Muscat and Tehran in May 2025 emerged as one of the most prominent electricity deals, aiming to study the feasibility of electrical interconnection and to enhance energy security between the two countries. The memorandum focuses on diversifying energy sources and improving their efficiency of use, in addition to expanding cooperation in renewable energy and green hydrogen, according to information reviewed by the specialized Energy Platform. This step is in line with Oman Vision 2040, which seeks to consolidate the Sultanate’s position as a regional hub for the exchange of electricity, energy, and modern technologies, as well as expansion into external markets. In August 2025, the waste-to-energy project in the Wilayat of Barka secured an advanced position among the largest electricity deals in the Sultanate throughout the current year (2025). The new project aims to convert up to approximately 3,000 tons of waste per day into electrical energy with a capacity of up to 100 megawatts, through investments exceeding one billion US dollars. The project reflects the oil-producing Gulf state’s orientation toward a circular economy and energy recovery, and further strengthens the strong presence of this type of project among the largest energy deals in the Sultanate of Oman during 2025.