OQAE

Company description

OQ is a global, integrated energy company based in Muscat, Oman, fully owned by the Omani government through the Oman Investment Authority. With operations across 17 countries, OQ spans the entire energy value chain—from upstream oil and gas exploration and production to downstream refining, petrochemicals, marketing, and distribution of end-user products. In line with Oman’s long-term sustainability goals, it is also investing heavily in renewables through its alternative energy arm, OQAE, targeting green hydrogen, solar, and wind projects. The company’s diversified portfolio also includes strategic infrastructure, power generation, and technology-driven innovation, underpinned by a strong emphasis on safety, sustainability, and in-country value creation.

Company details

City:
Muscat
Address:
muscat, Oman

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • January 19, 2026

    Financial Close Achieved for 500 MW Solar & Battery Storage Project in Oman

    Masdar, and consortium partners Al Khadra Partners, Korea Midland Power Co. Ltd (KOMIPO), and OQ Alternative Energy (OQAE), have reached financial close for the 500 MW Ibri III Solar Independent Power...

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  • November 20, 2025

    Agreement Signed to Develop The Dhofar II Wind Power Project in Oman

    Nama Power and Water Procurement Company (Nama PWP) signed a 20-year Power Purchase Agreement (PPA) with Sembcorp Utilities (a wholly-owned subsidiary of Sembcorp Industries (Sembcorp) and OQ Alternat...

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