Money and business in the Middle East.

Companies

Energy Development Oman

Oman · Oil & gas (upstream) · State-owned · Founded 2020 · Muscat

Energy Development Oman SAOC, which now presents itself as Energy Oman, was established on 3 December 2020 and registered by Royal Decree 128/2020 as a company wholly owned by the Government of Oman, according to Note 1 of its 2025 consolidated financial statements. In 2021 it took over the participating interests in the Block 6 oil and gas operations from the Ministry of Energy and Minerals; its website says it owns 60% of the Block 6 oil concession, 100% of the Block 6 non-associated gas concession and 100% of Hydrogen Oman (Hydrom). Its March 2026 investor presentation gives 2025 revenue of about US$14.8 billion. Its website names Salim bin Nasser Al Aufi, Minister of Energy and Minerals, as chairman, and Mazin bin Rashid Al Lamki as Chief Executive Officer, appointed in December 2021.

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Key facts

No verified figure held yet.

Ownership and relationships

Key people

  • H.E. Eng. Salim bin Nasser Al Aufi · Minister of Energy and Minerals; Chairman, Energy Development Oman
  • Eng. Mazin bin Rashid Al Lamki · Chief Executive Officer, Energy Development Oman

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