EDO, Sumitomo form energy supply chain JV in Duqm

30/10/2025 06:12 AST

Energy Development Oman (EDO) has partnered with Japan's Sumitomo Corporation to establish Oman's first Integrated Energy Supply Chain Management Company in Duqm.

The new joint venture (JV) represents a strategic step towards strengthening Oman's energy ecosystem - enabling national-level demand aggregation for the first time, accelerating local content development, creating opportunities for SMEs and Omani professionals, and positioning Duqm as the country's logistics and manufacturing hub for the energy sector.

The signing took place during the Duqm Economic Forum 2025 in the presence of H E Salim bin Nasser al Aufi, Minister of Energy and Minerals. By anchoring this venture in Duqm - a gateway between Asia, Africa, and the Middle East - the partnership aims to transform supply chain management from a support service into a national growth engine, linking investment, industry, and innovation under one integrated platform.

The newly formed company will provide end-to-end supply chain management solutions for Oman's energy sector, beginning with the hydrocarbon value chain and expanding into renewables, logistics, and related energy services. The initial phase of the partnership will focus on Oil Country Tubular Goods (OCTG), with additional energy-related products and services to be added as the venture expands.

Mazin Rashid al Lamki, Chief Executive Officer of Energy Development Oman, said, "This partnership between EDO and Sumitomo marks an important milestone in Oman's journey to strengthen and localise its energy supply chain. It is about creating a more efficient, resilient, and self-sustaining energy ecosystem - one that supports national industry, builds local capability, and enhances long-term competitiveness."

He added, "For the first time, Oman will be able to aggregate supply chain demand at a national level, helping reduce overall production costs while creating opportunities for Omani SMEs and professionals. Duqm provides the ideal base for this transformation."

Masahiro Yoshimura, General Manager and Head of the Energy Tubular Strategic Business Unit at Sumitomo Corporation, said, "Sumitomo Corporation is proud to partner with Energy Development Oman in contributing to the development of a sustainable energy supply infrastructure in the sultanate. For over two decades, we have supplied OCTG products to Oman's oil and gas industry, and this joint venture builds upon the long-standing trust and collaboration we have cultivated.

"This initiative marks a significant step towards realising Oman Vision 2040 - particularly in the areas of energy diversification, innovation, in-country value (ICV), and local talent development. Sumitomo remains committed to being a trusted partner in Oman's journey towards a sustainable future, and we look forward to deepening our cooperation with a long-term perspective."

This collaboration reinforces EDO's mandate to strengthen Oman's energy value chain through greater efficiency, integration, and sustainability. By combining Sumitomo's global expertise with EDO's national stewardship, the venture creates a transformational platform that directly supports the objectives of Oman Vision 2040 - attracting foreign direct investment, strengthening economic resilience, and positioning Oman as a regional benchmark for integrated energy operations.

Muscat Daily